Facebook May Dodge EU Bullet as New Data Rules Come Too Late

• Privacy watchdogs will ‘work together’ as U.K. probe continues

• U.K. ICO hopes to obtain Cambridge Analytica warrant Wednesday

Markets had already delivered their verdict before the European Union’s data privacy watchdogs could express outrage toward Facebook Inc.

And while the social media giant lost as much as $60 billion in value earlier this week, Facebook is set to dodge tough new EU sanctions even if any violations in the Cambridge Analytica scandal are proven, EU Justice Commissioner Vera Jourova said in an interview with Bloomberg TV from Washington.

The new EU rules in place from May 25 will enable national ...