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Facebook puts aside €1bn for expected data fines

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Meta founder and CEO Mark Zuckerberg. Photo: Niall Carson/PA

Meta founder and CEO Mark Zuckerberg. Photo: Niall Carson/PA

Meta founder and CEO Mark Zuckerberg. Photo: Niall Carson/PA

Facebook has set aside over €1bn for data privacy fines it expects to pay to data protection authorities in Europe, particularly Ireland’s Data Protection Commission.

The figure is included in new accounts lodged by Facebook – now corporately rebranded as ‘Meta’ – that also show Mark Zuckerberg’s firm recorded an rise in revenue booked at its Irish international office of €40.6bn, an increase of €6.3bn on 2019.


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