In last week's filing Meta warns it may have to shut down some of its services in E.U. if the transatlantic data restrictions and new proposals aren't worked through.
It doesn't look like the E.U. are going to react well to "threats" of service withdrawals.
Facebook said: “If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”
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cnbc.com...]
Microsoft: The collapse of the US-EU Safe Harbor: Solving the new privacy Rubik’s Cube [webmasterworld.com]
Data Transfer Pact Between U.S. and Europe Is Ruled Invalid [webmasterworld.com]