info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Meta on Fine: GDPR Breaches

By Indu Tyagi Ketan , 19 January, 2023

Today’s globalized world roams around the most crucial communication tools, entertainment, and information via the internet. Without it, the day feels as if stuck. Again, advancing technology spurs modernization in day-to-day life.

But the real players who dominate the market are known under the acronym GAFAM, now GAMAM or GAMMA: Google, Meta (earlier known as Facebook Inc), Apple, and Microsoft. The market value of these companies makes them the largest internet companies all over the globe. Based on the brand value, these companies are among the top ten most valuable companies worldwide. With every new innovation, product, step, action, and service, these big five directly impact the global economy.

In recent news, this January, Meta was fined USD 413 million by Ireland’s Data Protection Commissioner for breaching the General Data Protection Regulation (GDPR) on its Facebook and Instagram platforms. So, GDPR is a regulation on privacy and data protection in Europe adopted in April 2016 and came into force in May 2018.

This January 2023, Meta was fined the highest for breaching one or more articles of the General Data Protection Regulation in the EU. Thus, the user data violation persists and continues to make news. Internet users have become more cautious about their online privacy.

                 

                Meta was Fined over $670 Million for GDPR Violations in 2022

.jpg

Latest News

year-wise.png
China Plans to Manufacture Fastest Charging EV Batteries

China rightfully takes center stage in progress in ultra-fast charging EV batteries. As it appears, a Chinese electric vehicle manufacturer has emerged as a clear industry leader by developing the fastest charging battery in the world that can go…

Read More

CHINESE-BRANDS-2024.jpg
Chinese Tech Sector Strengthens, may Dominate Western Big Techs in the Future

Chinese market goes through significant economic changes in 2024. Globally, Chinese brands are climbing the ladder higher in the market. A 2024 survey shows the performance of some Chinese companies with the highest brand value. These companies help…

Read More

transition.png
Supply Chain Disruptions causes Slow Clean Energy Transition

There is a global race to clean energy sources because of climate change in 2024. However, there is a danger that the impending metal supply crisis will offset this gain. The move to renewable energy technologies greatly depends on critical minerals…

Read More

condition.png
Ag-Tech to Shape India’s Shaking GDP Rates

Indian economy is facing new challenges at the end of the month of 2024. India's gross domestic product (GDP) expanded to 6.7 percent in the second quarter of 2024. From April to June 2024, the Indian market began to shrink continuously. It led to a…

Read More

2030.png
Demand for Oil Slows Down but Not a Crash

Global oil demand reports show unbalanced statistics due to different analyses in two consecutive months of 2024. The International Energy Agency (IEA) states that global oil demand will decline by 2030. The report explains that fossil fuel demand…

Read More

Author Pic
Indu Tyagi Ketan

Chief Strategy Officer