US flight cancellations, Meta fine, Microsoft outage: weekend economic roundup
Published 26 min ago6 sourcesEvidence: Reported
Italy's data protection regulator imposed an €805 million fine on Meta for privacy law violations, the largest penalty in its history. The fine signals heightened European enforcement against big tech, though Meta is expected to appeal. This marks a significant escalation in regulatory pressure on US tech firms operating in the EU.
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