The GDPR’s five-year anniversary is marked by record penalty targeting Meta

MLex Market Insight

Five years have gone by since the implementation of the European Union’s General Data Protection Regulation but managers at Meta Platforms aren’t likely celebrate the milestone. On Monday of this week, the tech giant’s Facebook social-media platform received a whopping $1.3 billion fine. The Meta unit was also told to stop transferring personal data from the EU to the US, in what is being described as the most consequential GDPR enforcement action that could be taken. On this week’s podcast, our reporters mull over the impact of the EU privacy regulators’ decision and what the GDPR has meant globally for privacy and data-security legislation.