Facebook's London office. Photo: Dominic Lipinski/PA Images via Getty Images
Why it matters: The court is threatening the company with a fine as high as 100 million Euros — with daily fines of a quarter-of-a-million Euros — if it doesn't comply with the ruling. Facebook is taking a beating on privacy issues in Europe, with a German court contesting the company's data practices earlier this week.
What's next: “We are disappointed with today’s verdict and intend to appeal," said Richard Allen, the company's Middle East North Africa public policy Vice President, in a statement. “We are preparing for the new General Data Protection Regulation with our lead regulator the Irish Data Protection Commissioner."