Facebook Inc (NASDAQ: FB) Speaks About ‘Continuous Dialogue’: The social media company said that it was willing to put forth “continuous dialogue” with the concerned agencies as it makes any further changes.
As per the email sent by Facebook Inc (NASDAQ: FB), it says that as their regulator in Europe, they are constantly in touch with the Irish Data Protection Commissioner’s Office to make sure that they maintain required standards of transparency. As per the agency, it is Palo Alto that acts as Facebook Inc (NASDAQ: FB) Ireland’s regulators in order to ensure whether Facebook Inc (NASDAQ: FB) follows the guidelines provided by Irish and EU data-protection agencies. Facebook Inc (NASDAQ: FB) gave this authority to the California-based company in 2011.
Data protection is at present looked over by numerous regulators from 27-nation EU. The reason is that the executive body of the EU wants to make the system and the process simple so that companies have to deal with just one data- protection regulator in the zone. Shares of Facebook, Inc. (NASDAQ: FB) were up by 5.28% to close at $24.32.