Goodbye to Meta in Europe: is Facebook really closing?
These are just some of the headlines we've seen on social media. However, let's try to understand together what happened in these days full of posts and articles on the subject. Meta has announced to withdraw Facebook and Instagram in Europe: is this a bluff? To tell the truth, this false alarm was triggered due to an incorrect interpretation of the document sent to the SEC (Securities and Exchange Commission), the supervisory commission of the American Stock Exchange, guarantor of the market. “We will no longer be able to offer some of our most important products and services, including Facebook and Instagram, in Europe, which would materially and adversely affect our business, financial condition and results of operations .” This is the phrase that led to the fear of stopping some products in Europe due to the new privacy rules. Meta has already widely denied the possibility of closing Facebook According to the US company, which recently changed its name to Meta, the abili...