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FACEBOOK INC

(FB)
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Facebook Loses Bid to Derail EU-US Data-Transfer Suspension

05/14/2021 | 09:04am EDT

By Sam Schechner

Facebook Inc. lost a bid to block an EU privacy decision that could suspend its ability to send data about European users to computer servers on U.S. soil, opening a pathway toward a precedent-setting interruption of its data flows.

Ireland's High Court on Friday dismissed all of Facebook's procedural complaints over the Irish privacy regulator's preliminary decision on data transfers, rejecting Facebook's claims that the regulator had given it too little time to respond or issued a judgment prematurely.

The preliminary decision, which the court had stayed last September pending its decision, could if finalized force the social media company to suspend sending personal information about EU users to Facebook's servers in the U.S.

Write to Sam Schechner at sam.schechner@wsj.com

(END) Dow Jones Newswires

05-14-21 1104ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.77% 34033.67 Delayed Quote.12.37%
FACEBOOK INC -1.68% 331.08 Delayed Quote.23.28%
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Financials (USD)
Sales 2021 115 B - -
Net income 2021 37 701 M - -
Net cash 2021 84 017 M - -
P/E ratio 2021 25,9x
Yield 2021 -
Capitalization 939 B 939 B -
EV / Sales 2021 7,41x
EV / Sales 2022 6,02x
Nbr of Employees 60 654
Free-Float 83,9%
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Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 384,54 $
Last Close Price 336,75 $
Spread / Highest target 36,6%
Spread / Average Target 14,2%
Spread / Lowest Target -33,2%
EPS Revisions
Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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