The Spanish Data Protection Agency slapped Google Inc (NASDAQ:GOOG) with a 900,000 euro ($1.2 million) fine today for alleged illegal data collection practices. Google, along with other major Internet-related companies, has been under pressure in Europe and elsewhere regarding their data collection policies as well as alleged cooperation with NSA spying.
Statement from the agency
Coho Capital 2Q20 Commentary: Podcasts, The New Talk Radio
Coho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More
“The AEPD verified that Google does not give users enough information about what data they collect and for what purposes uses them, that Google combines those data gathered through various services, keeps them for an indefinite time and makes difficult the exercise of the rights of the citizens.”
The statement continued to say that Google Inc (NASDAQ:GOOG) has violated three aspects of the law, and will be fined €300,000 for each incident. The agency labeled the search engine company’s data collection policies a “serious violation” of data protection law. “The Agency considers that Google seriously violates the right to the protection of personal data laid down in article 18 of the Spanish Constitution and regulated in the LOPD [Organic Law of the Protection of Personal Data]”