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