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“Tech Industry in Transition: Innovations and Challenges Amid Record Fine for Facebook’s Meta”

Tech industry under pressure

The EU has imposed a record fine of 1.2 billion euros on Facebook parent company Meta for forwarding user data to the United States

© AFP / LIONEL BONAVENTURE

Demary, Vera; Richter, Marcus; Linß, Vera; Genzmer, Jenny · May 27, 2023 at 1:10 p.m

A record fine for Facebook parent company Meta, less growth on YouTube and Netflix – the industry is in transition, says Vera Demary from the German Economic Institute. Nevertheless, it continues to be innovative, most recently AI made giant leaps.

2023-05-27 14:48:08


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