Meta, the umbrella company of Facebook and Instagram, included statements that set the agenda in the world in the report it submitted to the US Securities and Exchange Commission the other day. The company expressed its complaints about the Schrems II decision, which is valid in the European Union and aims to protect the data of European citizens, and pointed out that if there is no new regulation, it can withdraw from the European Union.
The company’s response to the threat of withdrawal from the EU came today without delay. Speaking about the threat to the European Union, the two officials stated that they were not affected by this threat at all, and that it would even be good for Meta to pull Instagram and Facebook from Europe.
“Digital giants must understand the dominance of the European continent”
German Economy Minister Robert Habeck and French Economy and Finance Minister Bruno Le Maire stated that Europe would be fine without Facebook and Instagram. Habeck stated that he lived without Twitter and Facebook for 4 years after the hack, and that his life was wonderful throughout this process.
Le Maire said: “I can say that life is beautiful without Facebook and we will live very well without Facebook. The digital giants must understand that the European continent will resist and affirm its dominance.” used the phrases. On the other hand, a new statement came from a Meta spokesperson on the subject.
A spokesperson for Meta told CNBC that the company currently has no desire or plans to exit the European market. He also added that Meta had raised similar data privacy controversies in previous reports. However, the spokesperson stressed that Meta and all other US companies depend on data transfer between the EU and the US. Meta emphasized this in the report, saying that if the data transfer is blocked, the business, financial condition and operations will be adversely affected.
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