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Meta says ability to offer Facebook, Instagram in EU depends on adequacy order

( February 2, 2023, 16:34 GMT | Official Statement) -- MLex Summary: Meta Platforms warned in its annual regulatory filing that despite an executive order in October by US President Joe Biden aimed at restoring the legal basis for lawful data transfers between Europe and the United States, unless the European Commission finalizes a finding that US data protection laws are adequate to protect the privacy of Europeans, Meta "will likely be unable" to offer Facebook and Instagram in the EU.See attached Meta 10K filing. Relevant Meta statement is on Page 10....

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