Source: Meta says about 10% of its global ad revenue at risk from EU data flows order
Summary
Meta, previously known as Facebook, has warned of regulatory risk in Europe, which may lead to suspension of transatlantic data flows. A decision expected by May 12 may see the company being fined for violating EU and EEA user data transatlantic data transfers. Meta is optimistic about the proposed EU-US data transfer agreement but also warned the investors of an estimated 10% drop in its worldwide ad revenue if the new system is not implemented before its deadline.
Fact