ETtech Explainer: EU’s $1.3 billion fine on Meta is one of many penalties on Big Tech globally

On Monday, the European Union fined Facebook parent Meta a whopping $1.3 billion for violating privacy norms governing the transatlantic flow of data from the EU to the US.

However, Meta is not the only tech company that has faced regulatory ire.

Big Tech companies worldwide have come under the lens of antitrust regulators, policymakers, and enforcement agencies amid concerns about privacy violations, data protection, abuse of market dominance and geopolitical tit-for-tats.