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

EV-VS-ICE-TRENDS-2024.jpg
Slow Evolving Automotive Market may Impact Green Transition

The global automotive industry faces multiple challenges in 2024. It is due to several other reasons apart from its affordability. Since the beginning of 2024, automotive trends have been evolving, shaking the balance of the automotive domain. A…

Read More

FERRO-ALLOYS-INDIAN-MARKET.jpg
Indian Ferro Alloys Faces Numerous Challenges in 2024

Ferro alloys play a crucial role in India’s steel industry. The manufacturing and production sector relies on ferro alloys to boost the nation's heavy industries and steel production. A survey of 2024 shows that the ferro alloys market is facing…

Read More

GLOBAL-EVS-SALES-2024.jpg
High Cost and Infrastructure Constraints Drive the Global EV Sales

The automobile market has experienced a global slowdown since the beginning of 2024. However, the electric vehicle market plummeted over the period in 2024. Several constraints are behind the fall of electric vehicle sales, such as costly raw…

Read More

Hydrogen-Trains-2024.jpg
Hydrogen Trains in 2024 to Drive Sustainability

Hydrogen trains signify an essential development in the world's efforts to decarbonize transport. А Hydrogen-powered trains emerged as the fastest way of mobility, with specific coverage and significant developments in several areas, signifying a…

Read More

Mexico-Energy-Sector.jpg
Mexico Energy Sector aims to Expand Clean Energy Transition by 2030

Mexico is progressing rapidly in the renewable energy sector, envisioning double its production by 2030. By 2024, 35% of electricity should come from clean sources, compared to 29% in 2022. With a focus on solar, geothermal, wind, and hydroelectric…

Read More

Author Pic
Indu Tyagi Ketan

Chief Strategy Officer