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Opinion
Parmy Olson

Meta Gives Regulators a New Reason to Bite

The company appears not to know the full extent of what its systems do with users’ data. That could be a problem.

Connecting.

Connecting.

Photographer: Bloomberg/Bloomberg

For all the difficulties that Meta Platforms Inc. is going through with declining ad revenues, higher costs related to its risky investment in the metaverse and its first major restructuring, the company has been relatively lucky with privacy regulators.

It has avoided the most detrimental fines under Europe’s main privacy law, known as the General Data Protection Regulation or GDPR, despite making billions of dollars from being one of the world’s biggest processors of personal data. But that luck may be about to run out. Meta looks like it could struggle to comply with the European Union’s upcoming antitrust law, which prohibits data combination and reuse.