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Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants

CNBC2021-05-20

KEY POINTS Ireland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers. The High Court will hold a short ...

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Cfgramos
·2021-05-20
And Facebook is capitalizing on our data, totally no privacy!
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2
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- AliceQuah:
  agree!
  2021-05-20
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- NP_YT:
  yes.
  2021-05-20
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LHJarsenal
·2021-05-20
Ooo
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2
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Ryun83
·2021-05-20
Wow
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4
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- Khoo12:
  Yes
  2021-05-20
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Mousey
·2021-05-20
Please like and comment.. huat ahhh
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5
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- Newbie_me:
  Please Comment on comment
  2021-05-20
  Reply
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- Penholder:
  Pls reply ty!
  2021-05-20
  Reply
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Hihihihi
·2021-05-20
Like and comment
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3
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- Penholder:
  Pls reply ty!
  2021-05-20
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- OWYONG:
  like
  2021-05-20
  Reply
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Jbeans
·2021-05-20
Like
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4
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- Penholder:
  Pls reply ty!
  2021-05-20
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- OWYONG:
  like
  2021-05-20
  Reply
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- Nobi:
  like
  2021-05-20
  Reply
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Agnes_Lim
·2021-05-20
Please like and comment
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3
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- AntDee:
  Good
  2021-05-20
  Reply
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- Ryun83:
  Like n reply Pls
  2021-05-20
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- Penholder:
  Pls reply ty!
  2021-05-20
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Mingming789
·2021-05-20
Like and comment pls
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4
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- MrTao:
  Done
  2021-05-20
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- Penholder:
  Pls reply ty!
  2021-05-20
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- DELFINO:
  Wow
  2021-05-20
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That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":130910632,"gmtCreate":1621502451126,"gmtModify":1704358674466,"author":{"id":"3577318628836449","authorId":"3577318628836449","name":"Cfgramos","avatar":"https://static.tigerbbs.com/8e4f5dee285970cb0d50c61a4302a33f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577318628836449","idStr":"3577318628836449"},"htmlText":"And Facebook is capitalizing on our data, totally no privacy!","listText":"And Facebook is capitalizing on our data, totally no privacy!","text":"And Facebook is capitalizing on our data, totally no privacy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/130910632","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389394,"gmtCreate":1621502713136,"gmtModify":1680789894058,"authorId":3566963423285739,"author":{"id":3566963423285739,"idStr":"3566963423285739","authorId":3566963423285739,"name":"AliceQuah","avatar":"https://static.tigerbbs.com/ab75773a0b4e08c10b11baaf6a467648","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130910632,"type":1,"supId":0,"prevId":0,"content":"agree!","text":"agree!","html":"agree!"},{"id":4389913,"gmtCreate":1621507940138,"gmtModify":1663227028639,"authorId":3572043809285615,"author":{"id":3572043809285615,"idStr":"3572043809285615","authorId":3572043809285615,"name":"NP_YT","avatar":"https://static.itradeup.com/news/fad9f70abb174e3e09e4caf3f9c0c13a","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130910632,"type":1,"supId":0,"prevId":0,"content":"yes.","text":"yes.","html":"yes."}],"langContent":"EN"},{"id":130934442,"gmtCreate":1621502313786,"gmtModify":1704358672665,"author":{"id":"3578967818815253","authorId":"3578967818815253","name":"LHJarsenal","avatar":"https://static.tigerbbs.com/a0d7e1e2167d189c3611e1bcef48e104","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3578967818815253","idStr":"3578967818815253"},"htmlText":"Ooo","listText":"Ooo","text":"Ooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130934442","repostId":1174761501,"repostType":2,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130931481,"gmtCreate":1621501886743,"gmtModify":1704358665874,"author":{"id":"3574571431188078","authorId":"3574571431188078","name":"Ryun83","avatar":"https://static.tigerbbs.com/930dc26d4ae857c0f1cb8a552152440a","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574571431188078","idStr":"3574571431188078"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130931481","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389420,"gmtCreate":1621502959363,"gmtModify":1680789893881,"authorId":3564738902623228,"author":{"id":3564738902623228,"idStr":"3564738902623228","authorId":3564738902623228,"name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130931481,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":130931044,"gmtCreate":1621501800788,"gmtModify":1704358664881,"author":{"id":"3582013756437525","authorId":"3582013756437525","name":"Mousey","avatar":"https://static.tigerbbs.com/830131bc3b204bdb28fb53b87586f968","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582013756437525","idStr":"3582013756437525"},"htmlText":"Please like and comment.. huat ahhh&nbsp;","listText":"Please like and comment.. huat ahhh&nbsp;","text":"Please like and comment.. huat ahhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/130931044","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389306,"gmtCreate":1621502076582,"gmtModify":1680789895181,"authorId":3578907722938431,"author":{"id":3578907722938431,"idStr":"3578907722938431","authorId":3578907722938431,"name":"Newbie_me","avatar":"https://static.tigerbbs.com/c8b4a1f99e8c51a51e93bfd003334327","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130931044,"type":1,"supId":0,"prevId":0,"content":"Please Comment on comment","text":"Please Comment on comment","html":"Please Comment on comment"},{"id":4389311,"gmtCreate":1621502093079,"gmtModify":1680789890747,"authorId":3579250887819322,"author":{"id":3579250887819322,"idStr":"3579250887819322","authorId":3579250887819322,"name":"Penholder","avatar":"https://static.tigerbbs.com/9ffe0aaee2dd78924704d35fd614749b","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130931044,"type":1,"supId":0,"prevId":0,"content":"Pls reply ty!","text":"Pls reply ty!","html":"Pls reply ty!"}],"langContent":"EN"},{"id":130933188,"gmtCreate":1621501733844,"gmtModify":1704358663901,"author":{"id":"3578200569665739","authorId":"3578200569665739","name":"Hihihihi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578200569665739","idStr":"3578200569665739"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/130933188","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389316,"gmtCreate":1621502100958,"gmtModify":1680789895785,"authorId":3579250887819322,"author":{"id":3579250887819322,"idStr":"3579250887819322","authorId":3579250887819322,"name":"Penholder","avatar":"https://static.tigerbbs.com/9ffe0aaee2dd78924704d35fd614749b","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130933188,"type":1,"supId":0,"prevId":0,"content":"Pls reply ty!","text":"Pls reply ty!","html":"Pls reply ty!"},{"id":4389296,"gmtCreate":1621502020786,"gmtModify":1680789893163,"authorId":3580123886907382,"author":{"id":3580123886907382,"idStr":"3580123886907382","authorId":3580123886907382,"name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130933188,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"EN"},{"id":130930730,"gmtCreate":1621501585320,"gmtModify":1704358661915,"author":{"id":"3584507406323122","authorId":"3584507406323122","name":"Jbeans","avatar":"https://static.tigerbbs.com/282afcfc425220b931e547d116926e96","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3584507406323122","idStr":"3584507406323122"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/130930730","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389318,"gmtCreate":1621502111211,"gmtModify":1680789895753,"authorId":3579250887819322,"author":{"id":3579250887819322,"idStr":"3579250887819322","authorId":3579250887819322,"name":"Penholder","avatar":"https://static.tigerbbs.com/9ffe0aaee2dd78924704d35fd614749b","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130930730,"type":1,"supId":0,"prevId":0,"content":"Pls reply ty!","text":"Pls reply ty!","html":"Pls reply ty!"},{"id":4389297,"gmtCreate":1621502028648,"gmtModify":1680789894918,"authorId":3580123886907382,"author":{"id":3580123886907382,"idStr":"3580123886907382","authorId":3580123886907382,"name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130930730,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"},{"id":4389259,"gmtCreate":1621501698863,"gmtModify":1680789894558,"authorId":3573809317992460,"author":{"id":3573809317992460,"idStr":"3573809317992460","authorId":3573809317992460,"name":"Nobi","avatar":"https://static.tigerbbs.com/f6f79f8404d0e36885a520438a78cd94","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130930730,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"EN"},{"id":130997706,"gmtCreate":1621501528205,"gmtModify":1704358660277,"author":{"id":"3563147993058009","authorId":"3563147993058009","name":"Agnes_Lim","avatar":"https://static.tigerbbs.com/377b51d3878d5a58e898593218b72b14","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3563147993058009","idStr":"3563147993058009"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/130997706","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389669,"gmtCreate":1621505429379,"gmtModify":1680789897362,"authorId":3578284906044989,"author":{"id":3578284906044989,"idStr":"3578284906044989","authorId":3578284906044989,"name":"AntDee","avatar":"https://static.tigerbbs.com/f7139567429f2f675e83ee1c73bbc319","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997706,"type":1,"supId":0,"prevId":0,"content":"<u>Good</u>","text":"<u>Good</u>","html":"<u>Good</u>"},{"id":4389261,"gmtCreate":1621501715977,"gmtModify":1680789893108,"authorId":3574571431188078,"author":{"id":3574571431188078,"idStr":"3574571431188078","authorId":3574571431188078,"name":"Ryun83","avatar":"https://static.tigerbbs.com/930dc26d4ae857c0f1cb8a552152440a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.49%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997706,"type":1,"supId":0,"prevId":0,"content":"Like n reply Pls","text":"Like n reply Pls","html":"Like n reply Pls"},{"id":4389327,"gmtCreate":1621502131499,"gmtModify":1680789890039,"authorId":3579250887819322,"author":{"id":3579250887819322,"idStr":"3579250887819322","authorId":3579250887819322,"name":"Penholder","avatar":"https://static.tigerbbs.com/9ffe0aaee2dd78924704d35fd614749b","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997706,"type":1,"supId":0,"prevId":0,"content":"Pls reply ty!","text":"Pls reply ty!","html":"Pls reply ty!"},{"id":4389229,"gmtCreate":1621501541824,"gmtModify":1680789889739,"authorId":3563147993058009,"author":{"id":3563147993058009,"idStr":"3563147993058009","authorId":3563147993058009,"name":"Agnes_Lim","avatar":"https://static.tigerbbs.com/377b51d3878d5a58e898593218b72b14","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997706,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":130997874,"gmtCreate":1621501484698,"gmtModify":1704358659787,"author":{"id":"3574508822349262","authorId":"3574508822349262","name":"Mingming789","avatar":"https://static.tigerbbs.com/59f9c28be0951667c2586f690e1cbc0f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574508822349262","idStr":"3574508822349262"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/130997874","repostId":1174761501,"repostType":4,"repost":{"id":"1174761501","kind":"news","pubTimestamp":1621501444,"share":"https://ttm.financial/m/news/1174761501?lang=&edition=fundamental","pubTime":"2021-05-20 17:04","market":"us","language":"en","title":"Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants","url":"https://stock-news.laohu8.com/highlight/detail?id=1174761501","media":"CNBC","summary":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inq","content":"<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook's EU-U.S. data flows are under threat — that may spell trouble for other tech giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TWTR":"Twitter","AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.cnbc.com/2021/05/20/facebook-eu-us-data-flows-are-under-threat-heres-what-that-means.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174761501","content_text":"KEY POINTS\n\nIreland's High Court last week dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on its EU-U.S. data transfers.\nThe High Court will hold a short hearing Thursday where it is expected to lift temporary freeze on the probe.\nA block on Facebook's transatlantic data flows would likely force the company to process EU data within the bloc, and that has serious implications for other U.S. tech giants.\n\nLONDON —Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a \"massive blow\" to the social networking giant, according to experts, and has serious implications for other large American tech firms.\nLast week, Ireland's High Court dismissed a challenge from Facebook over a regulatory inquiry that could lead to a ban on the flow of its user information from the European Union to the U.S.\nIt comes after a landmark ruling from the EU’s top court invalidated the use of Privacy Shield, a framework for the transatlantic sharing of data.\nThe decision was a victory for Max Schrems, an Austrian privacy activist who has taken Facebook to task over how it handles data on European citizens. Schrems argued that, in light of revelations from American whistleblower Edward Snowden, U.S. law did not offer sufficient protection against surveillance by public authorities.\nIn September, Ireland’s Data Protection Commission sent Facebook a preliminary order to stop using an alternative tool, known as standard contractualclauses, to send user information from the EU to the U.S.\nFacebook said this measure would threaten its European operations and secured a temporary freeze on the order.\nNow, the way Facebook transfers data from the EU to America is once again under threat. On Thursday, the Irish High Court will hold a short hearing where it is expected to lift a stay on the DPC’s order and its inquiry into Facebook’s EU-U.S. data flows.\n“Like other companies, we have followed European rules and rely on Standard Contractual Clauses, and appropriate data safeguards, to provide a global service and connect people, businesses and charities,” a Facebook spokesperson told CNBC.\n“We look forward to defending our compliance to the DPC, as their preliminary decision could be damaging not only to Facebook, but also to users and other businesses.”\n‘Massive blow’\nIn the event that Facebook is forced to stop transferring Europeans’ information to the U.S., experts believe the company will likely be required to process EU data within the bloc. And the fallout from the European Court of Justice’s original ruling could affect many more U.S. tech firms.\n“In reality Facebook would have to ‘split’ its service into a European and a U.S. service,” Schrems told CNBC by email.\n“The absolutely ‘necessary’ transfers (e.g. when a U.S. user is sending a message to an EU user) can still happen between these two systems. The rest needs to stay in Europe (or in another safe country). Obviously Facebook will do everything to avoid that.”\nThe move “could be a massive blow for the revenue model of Facebook,” which has more than 400 million monthly active users in Europe, according to Cillian Kieran, founder and CEO of data privacy software start-up Ethyca.\n“The recent ruling, and the potential suspension of Facebook’s data flows, suggest serious challenges for other U.S. companies to conduct international business, especially those with fewer resources than Facebook to navigate legal procedures,” Kieran told CNBC.\nMany U.S. internet giants — including Apple and Google — have established their European headquarters in Ireland. Ireland’s DPC is the lead privacy regulator for these companies.\n“The news raises the stakes for U.S. businesses to meet global standards for data protection, not only to earn users’ trust in the marketplace but also — on a more fundamental level — to be able to bring their product to important markets in the first place,” said Kieran.\nThe European Data Protection Board — an independent European body tasked with ensuring consistent application of the EU’sGDPRprivacy rules — is expected to soon issue its final guidance on how businesses must comply with the ECJ’s decision when it comes to international data transfers, cloud use and remote processing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389218,"gmtCreate":1621501499768,"gmtModify":1680789893443,"authorId":3570102977558987,"author":{"id":3570102977558987,"idStr":"3570102977558987","authorId":3570102977558987,"name":"MrTao","avatar":"https://static.tigerbbs.com/685dad34cf72d7064b8a3a20e0c8dea1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997874,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4389329,"gmtCreate":1621502141677,"gmtModify":1680789891731,"authorId":3579250887819322,"author":{"id":3579250887819322,"idStr":"3579250887819322","authorId":3579250887819322,"name":"Penholder","avatar":"https://static.tigerbbs.com/9ffe0aaee2dd78924704d35fd614749b","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997874,"type":1,"supId":0,"prevId":0,"content":"Pls reply ty!","text":"Pls reply ty!","html":"Pls reply ty!"},{"id":4389340,"gmtCreate":1621502227269,"gmtModify":1680789891346,"authorId":3574333394490724,"author":{"id":3574333394490724,"idStr":"3574333394490724","authorId":3574333394490724,"name":"DELFINO","avatar":"https://static.tigerbbs.com/44e9ea498f962da1d7752be58a3802df","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130997874,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":25,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}