Google Threatened With Fines By French Regulators
NEW YORK (TheStreet) - Google
For the past 14 months, the French have led the European Union initiative to get Internet companies to be more open about how, when, where and why they collect personal data and the subsequent use of that data.
According to a Reuters report, France is just the first of a number of countries' investigations into Google';s practices. Germany, Italy, Spain, the United Kingdom and the Netherlands have all announced similar investigations into the matter.
Google shares were falling 0.9% to $891.61 at 11:08 a.m. in New York.
Last year, Google changed more than five dozen of their privacy policies and began combining collected user data from Google-owned online services such as Google+, Gmail and YouTube. Google's policy offered users no way to opt out.
European regulators immediately began a joint investigation resulting in setting a deadline of February, 2013 for Google to offer proposals of change. Google met with those regulators but offered no changes at that time.
CNIL, for its part, has warned Google that it must comply with France's Data Protection Act within three months or face sanctions.
Mid-morning, Google was off 0.73 percent trading at $894.06.
--Written by Gary Krakow in New York.
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