Facebook warns of trade turmoil over privacy case

Facebook warns of trade turmoil over privacy case
Facebook says trade effect could be 'immense'

The warning is the latest twist in a six-year-old saga pitting the social media giant against privacy activist Max Schrems

Facebook has warned the European Union’s top court that toppling a key system used by companies to transfer data out of the EU would threaten trans-Atlantic trade, in the latest twist in a six-year-old saga pitting the social media giant against privacy activist Max Schrems.

Facebook lawyers told the EU Court of Justice that the lawsuit threatens contractual clauses that companies rely on to transfer commercial data overseas. The new protocol was used as...

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