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The European Union and the U.S. have reached a provisional agreement over the transatlantic data transfer, which could help companies collect and process user data, possibly with better safeguards.

Meta has categorically denied threatening to restrict access to Facebook, Instagram, and other services in Europe after earnings reports seemed to suggest the same. The company is concerned though.

The European Commission has officially adopted the so-called EU-US Privacy Shield. This is a framework of digital data sharing between the two unions but critics say it doesn't offer any real privacy.