Title: Meta has threatened to shut down its popular platforms
description: Every now and then rumors appear on the web about the closure of popular platforms such as Facebook and others.
We learned that Meta submitted a report to the Securities and Exchange Commission, in which it stated that in the event of failure to implement the new transatlantic data transmission framework, it will be forced to discontinue its products and services.
However, there was a problem. What ? The latest EU law requires corporations such as Meta to collect and process user data in the EU, i.e. on European servers. The meta will be closed if no further transatlantic data transmission is resumed and if the company has to rely on SCC or another elective method to transfer data from Europe to the United States.
Most of Meta and Facebook's revenue comes from targeted or tailored advertising.
keywords: facebook, instagram, gossip, shutdown, trouble