Facebook-parent Meta’s annual report has these ‘India-related warnings’

Facebook-parent Meta has said that its 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 this in its annual statement to the US Securities and Exchange Commission, the country’s financial authority. “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 the statement.

The statement said that countries such as India are considering or have passed legislation implementing data protection requirements or requiring local storage and processing of data or similar requirements that could increase the cost and complexity of delivering our services.