Connect with us

Technology

Facebook-Parent Meta Says It Has No Plans to Quit Europe Over Data Transfer Spat

Published

3 years ago

on

Facebook-Parent Meta Says It Has No Plans to Quit Europe Over Data Transfer Spat

Facebook’s parent company Meta said on Monday that it had no plans to pull its services from Europe, as the possibility has been raised amid an ongoing spat over the transfer of European data to the United States.

Data is at the heart of the advertising business, which generates almost billions of dollars in revenue for the company, and the framework governing the transfer of information from the continent is now in limbo.

“We have absolutely no intention or plan to exit Europe, but the simple reality is that Meta and many other businesses, organisations and services rely on data transfers between the EU and the US to operate global services,” the company said in a statement.

Advertisement

In July 2020, the crucial Privacy Shield online data arrangement between Europe and the United States was invalidated in a decision by the European Union’s top court that left big tech companies across the Atlantic in legal uncertainty.

Meta also noted in Thursday’s filing with U.S. market regulators that the basis it uses for data transfers is also in legal and regulatory jeopardy.

“Without the adoption of a new transatlantic data transfer framework…we may not be able to offer some of our most important products and services in Europe, including Facebook and Instagram,” Meta wrote in its Securities and Exchange Commission filing .

European authorities and the U.S. government are still discussing ways to solve the problem.

Advertisement

The social media giant recently suffered its worst market value slump on record after disappointing quarterly results raised questions about its future.

Its iconic Facebook platform saw a small drop in daily user numbers around the world through the end of 2021, the first such decline for a platform that is relentlessly focused on growth.

The company’s focus on adding users was at the heart of last year’s whistleblower scandal, in which leaked internal documents backed up news reports that the company prioritized growth over safety.

Complete News Source : Gadgets360

Advertisement

Related Topics:
Continue Reading

In News

SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

Published

2 months ago

on

November 6, 2024

By

SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

Advertisement

Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

Advertisement

On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending