Welcome to the Tech Meme Right Home for Monday, May 22nd, 2023. I'm Brian McCullough today.

Meta got hit by the biggest ever GDPR fine in Europe. A crypto project got taken over by hackers who voted themselves

into power. The startup that wanted to dethron Google is shutting down the e-sports bubble seems

to be popping and what is it actually like to try these new Google AI

tools here's what you missed today in the world of tech.

The European Union data to the US.

The European Union has fined Meta 1.2 billion euro

over sending European user data to the US.

This is a record GDPR fine, and the EU has also ordered Meta to stop these transfers of data and delete the data within six months.

But that might not be easy to do, quoting the journal.

The ruling raises pressure on the U.S. government to complete a deal that would allow

Meta and thousands of multinational companies to keep sending such information stateside.

Tech companies have been especially vulnerable to regulatory scrutiny absent such a deal,

but most large international companies rely on a relatively free flow of data across the Atlantic,

and the steep fine for Meta highlights the regulatory challenges that have mounted since a previous data transfer deal was overturned by European courts in 2020.

Meta's top privacy regulator in the EU said in its decision Monday that Facebook has for years

illegally stored data about European users on its servers in the US where it

contends the information could be accessed by American spy agencies

without sufficient means for users to appeal.

The 1.2 billion euro fine surpasses the previous record of 746 million euro or

$809 million under the general data protection regulation against Amazon in Luxembourg in 2021

for privacy violations related to its advertising business.

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