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

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3 years ago

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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.

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.

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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.

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

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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

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

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2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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