EU lawmakers unfazed by Meta's threat that it would pull out of Europe

Meta said that it may have to shut down Facebook and Instagram in Europe over data privacy rules -- and at least two European politicians think that's a good idea. Credit: Alexandre Lallemand/Unsplash European regulators are currently working on new legislation that would place restrictions on how EU citizen data gets transferred to the U.S. As a result, Meta issued a veiled threat to pull its social media platforms in Europe during its annual report on Thursday, CNBC has reported.