Meta was fined $1.3 billion for data transfers to the United States.

The decision puts pressure on Washington to make modifications to monitoring procedures for Europe in order to permit Meta to keep the data spigot open.

Facebook owner Meta META experienced a decline of -0.49%, resulting in a red triangle pointing downward. 

According to people close with the matter, 

 European Union privacy regulators issued a record-setting fine of $1.3 billion 

to Platforms for transmitting user information to the United States.

The fine set a new standard for the bloc.