"Luís Neto Galvão, Partner at SRS Legal responsible for the Telecommunications area, recalls that this legislation "seeks to prevent platforms from taking undue competitive advantage of the large amounts of personal data they process, specifically imposing on them the demanding duty of transparency regarding certain characteristics of the processing carried out and that they share information about the profiling techniques they carry out, limiting their ability to benefit from the synergies provided by the personal data collected within their various services".
techniques they carry out, while also limiting their ability to benefit from the synergies provided by the personal data collected in the context of their various services".
For this reason, the lawyer recalls that the Irish Data Protection Commission fined Meta €1.2 billion in May for finding that the company violated the General Data Protection Regulation when it transferred personal data of European Facebook users to Washington without protecting them. In addition, it explains that the verification of companies' compliance with EU law is only done "ex post", so Threads would only be monitored by the European Commission after it eventually reaches the EU."