Facebook Gets 45 Days Respond Time on EU-US Data Transfer Order: Reuters

The Irish Data Protection Commission has offered a month and a half time to Facebook Inc FB to respond to an investigation that may lead to a ban on its transatlantic data transfers based on a High Court order, Reuters reports.
Facebook had challenged both the probe and the provisional order justifying the company’s reliance on user data processing for targeting online ads.
The dispute was partly triggered by abolishing the EU-approved trans-Atlantic transfer tool over citizens’ data safety concerns.
The decision could lead to the suspension of the transfer of E.U. users’ personal information to Facebook’s U.S. servers.
Price action: FB shares traded higher by 2.77% at $325 on the last check Monday.

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