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EU data flows threaten 10% of Meta's global ad revenue

Meta’s earnings call yesterday was upbeat on better-than-expected revenue. However, buried in its investor disclosures is a stark warning on looming regulatory risk in Europe, where a decision is expected in a matter of weeks (by May 12) that could force the tech giant to suspend its transatlantic data flows. Meta’s CFO wrote in its …
United States Susan Li Irish Data Protection Commission Eu Court December Commission Privacy Framework

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