Social media giants face record $26 billion in privacy penalties since 2020, Meta leads at $23.7 billion
Social platforms have accumulated over $26 billion in global privacy fines and settlements since 2020, with Meta responsible for 91% of the total.
Meta’s Facebook and Instagram accounts alone incurred $23.7 billion in penalties across U.S. and European regulators.
The United States led enforcement with $20.9 billion in fines, while European regulators imposed $5.16 billion under GDPR.
Ireland’s Data Protection Commission served as the primary European regulator, issuing $4.87 billion in fines against tech companies.
Major penalties include a $17.1 billion U.S. settlement over child safety and a $1.3 billion EU fine for unlawful data transfers.
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