<ul><li>Meta Platforms Inc, owner of Facebook, has been fined $1.3 billion by EU privacy regulators for transferring user data to the United States.</li><li>The Irish Data Protection Commission found that Meta's data transfers did not adequately address the risks to users' fundamental rights and freedoms.</li><li>Meta has been given five months to suspend future data transfers to the US and six months to stop unlawful processing and storage of transferred EU data in the US.</li><li>Despite the fine, the impact is expected to be mitigated by a transition phase and the possibility of a new EU-US data flows agreement in the near future.</li></ul>

Meta fined $1.3 billion by EU for sending user data to US: Report

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