Meta is considering withdrawing from the European market if it is no longer able to exchange data from European users with the United States, following the Schrems II ruling.
Mark Zuckerberg's company states in a submission to the American Securities and Exchange Commission (SEC) that it is considering withdrawing from the European market, and everything depends on the Schrems II verdict.
In July 2020, the mechanism of transferring personal data of Europeans to America, the so-called "Privacy Shield", was declared non-criminal.
The "Privacy Shield", which is in force in Serbia as well, is an American law that gave the American authorities the right to collect personal data on entities in the European Union, without, as the Court alleges, adequate protective measures.
However, Facebook is threatening to simply withdraw completely from Europe if it is no longer able to share data on European users with its US operations, applications and data centers.
While the European Court of Justice states that personal data is less protected in the United States than in Europe, Facebook says that stopping the transatlantic data transfer will have a devastating impact on its ability to target online advertising.
