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What will happen to the "Privacy shield" - can data continue to be transferred to the U.S.?

And here is already Schrems-II. The background of both “Schrems” cases are the Snowden revelations showing that U.S. government agencies are involved in an indiscriminate mass surveillance of European subjects whose data are transferred to the U.S. Therefore Maximilian Schrems holds that the U.S. does not ensure adequate protection and it was on this basis that the “Safe Harbour” was invalidated. The target is Facebook, but not its own shady data usage practices, just the possibility of the data being requested and obtained by U.S. authorities. It has to be mentioned that the U.S. government tried to get access– in individual cases, based on concrete suspicion of crimes – to data stored in the EU from Microsoft and Google. At the moment, Microsoft succeeded – based on its statement that the data are stored in the EU – to avoid it while Google – as it stated that data may not be stored in the U.S. but it is not known where they are – failed. Now, the question is whether Facebook has a ...