A spokesperson for Meta, which owns the Facebook platform, said in a recorded press release "We have absolutely no desire or plans to withdraw from the European market."
He continued, “There is a simple fact that Meta and other companies, institutions and services, mainly rely on data transmission between the European and American markets in order to operate their global services.”
“Like other companies, Meta follows European rules that rely on standard contractual clauses, with a certain level of data protection in place so that we can operate any global service we provide.”
In general, companies need clear global rules to protect transatlantic data flows in the long term, the spokesperson added. "We are like 70 companies operating in many sectors."
He stressed, "The company is closely monitoring the potential effects of what is happening now on our operations in Europe, especially with the successive developments that we are currently following."
Meantime, regulators in Europe are currently putting in place new legislation that will define how user data of EU citizens is transferred across the Atlantic.
Facebook said: “If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”
FB added this “would materially and adversely affect our business, financial condition, and results of operations.”
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