During the Munich Security Conference, Meta’s recently appointed chief of global affairs Joel Kaplan, told the audience that Meta will not shy away from involving Trump if the company continues to face regulatory issues with the EU. Joel’s confidence in name-dropping Trump as a way out of being fined or “discriminated against” by the European Union comes from the fact that the CEO of Meta has been cozying up to the President since his campaign days. After Trump’s win, Zuckerberg has intensified his efforts to get into Trump’s good books. He changed his platform moderation policies and even appointed Joel Kaplan, a Republic strategist, as the chief of global affairs was part of his strategy. Trump has also contributed to the confidence of American firms. He previously stated at the World Economic Forum that the EU should not be fining American companies. Meta’s legal issues in the EU Prior to the conference in Europe, the European Union regulators saddled Meta with substantial fines for violations related to personal data transfers between the EU and the US. The company was fined $1.3B, one of the largest penalties under the General Data Protection Regulation (GDPR). They have racked up fines of up to $3B with the GDPR alone. Meta is also facing ongoing investigations into its handling of user data and its suppression of competitors. Recently, the company attracted an €800M fine for integrating Facebook marketplace with its social networking platform. During the conference, Kaplan emphasized that while Meta intends to comply with European laws, it will not hesitate to involve the Trump administration if the company believes that the commission is not treating it fairly. Bloomberg reports that Kaplan told the audience that it’s up to the Trump administration to decide if EU penalties against American tech companies are unfair, but Meta “won’t shy away” from getting the President’s intervention. “When companies are treated differently and in a way that is discriminatory against them, then that should be highlighted to that company’s home government,” Kaplan said Trump goes to bat for American tech companies The Trump administration has previously criticized the EU’s regulatory approach. He sees the union’s strict rules and frequent hefty fines as unfair barriers targeting American tech companies. President Trump has described these penalties as “a form of taxation” and has expressed significant concerns regarding the EU’s treatment of U.S. firms. “We have some very big complaints with the EU,” Trump said . Meta has also expressed its displeasure with the penalties it has faced in the past and has gone so far as to dispute some. Trump’s position on the matter is clearly in favor of American tech companies. Meta is operating on that premise and is now wielding the president’s support as a warning against European regulators. Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet
