Meta says inability to transfer data among regions will affect services to users

Meta’s inability to transfer data “between and among countries and regions” in which it operates could affect its ability to provide services to its users and therefore impact its financial results, the company said in its annual statement on Wednesday.

“If we are unable to transfer data between and among countries and regions in which we operate, or if we are restricted from sharing data among our products and services, it could affect our ability to provide our services, the manner in which we provide our services or our ability to target ads, which could adversely affect our financial results,” social media giant Meta said in its annual statement.