Meta on Fine: GDPR Breaches

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.