Meta says it may be forced to shut down Facebook and Instagram in Europe

Meta submitted a report, which warned it may shut down its Facebook and Instagram services in Europe due to new regulations approved by the European Commission. The new EU laws force all companies to process user data on local servers located within Europe while Meta sends user data from Europe to its US servers.
Today, two EU officials, Robert Habeck (German Economy Minister) and Bruno Le Maire (French Finance Minister) commented on Meta’s annual report and the possibility of Facebook and Instagram being shut down across the EU. The pair were straightforward that Meta needs to abide the new EU regulations or else its social media platforms would be banned across Europe.