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Data Protection Commissioner (DPC) Helen Dixon’s “preliminary draft decision” to conduct an inquiry into and suspend data transfers by Facebook Ireland to the US will have “devastating” consequences for the social media giant’s business if it is allowed to stand, the High Court heard.
In 2018, some €228bn was generated through use of Facebook services, which include Instagram, Paul Sreenan SC for Facebook said.
There are 410 million Facebook and Instagram users in Europe, an estimated 25 million of them business users, he said.
If data transfers are stopped, it will also affect “multiples of billions” which Facebook attracts in advertising, he said.
Data Protection Commissioner Helen Dixonâs âpreliminary draft decisionâ to conduct an inquiry into, and suspend data transfers, by Facebook Ireland to the US will have âdevastatingâ consequences for the social media giantâs business if it is allowed to stand, the Commercial Court has been told.
In 2018, some $228 billion (â¬188 billion)was generated through use of Facebook services which include Instagram, Paul Sreenan SC, for Facebook, said.
Of some 410 million Facebook and Instagram users in Europe, an estimated 25 million are business users, he said. If data transfers are stopped, that will also affect the âmultiples of billionsâ which Facebook attracts in advertising. âIt will have devastating consequences for the plaintiffâs business.â
Everything you need to know about data gathering, protection, storage and use under GDPR 11 Dec 2020
In partnership with the UK Domain, we explain everything you need to know about data gathering, storage, protection and use under GDPR
Since its introduction in May 2018, we’ve learned that the General Data Protection Regulations (GDPR) is a broad topic with many facets.
Where does a business begin if they want to grapple with the intricacies of the regulations? We’ll make a start by breaking them down for you.
GDPR is based around seven key principles:
Lawfulness, fairness and transparency
Accountability
Some of these come into play more than others, but they all weave together and each principle is important. As long as you’re following these when you’re gathering and processing data, you’ll remain compliant.
+1.65% over its mega-acquisitions of Instagram ($1 billion in 2012) and WhatsApp ($19 billion in 2014), and demanding that Facebook “unwind” the transactions. Federal and state officials are attempting to undo years-old deals that they claim violated antitrust laws even though the FTC investigated and approved them, a process that presages a very long legal fight.
“The Facebook suit is difficult because it seeks to undo an acquisition approved by the Obama administration,” Shubha Ghosh, a law professor at Syracuse University. “The Facebook lawsuit will not be a simple one and will pose challenges for proving a violation and imposing a remedy.”
The FTC has authority to reconsider and unwind past transactions in court if it determines they were anticompetitive. However, it will be difficult for the government to explain how actions that Facebook took six to eight years ago are continuing to harm competition today, says Notre Dame Law School Professor Stephen Yel