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Meta Fined $1.3 Billion


European Union privacy regulators fined Meta a record 1.2 billion euros ($1.3 billion) over the transfer of EU user data to the U.S.

The EU ordered the platform to stop sending users’ personal information to the U.S. by October.

Meta, the parent company of Facebook, previously warned its services may be cut off for its European users.

The company vowed to appeal the decision and the fine.

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