This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Google Threatened With Fines By French Regulators

NEW YORK ( TheStreet) - Google (GOOG - Get Report) continues to run afoul of French and other European regulators when it comes to their online data privacy policy. That country's computer "watchdog" group, CNIL, has told Google that the company has to change its current ways or face fines beginning at the equivalent of $200,000 and doubling to $400,000 for continued non-compliance.

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.

Google says they'll continue to work with regulators in France and elsewhere. A spokesperson told Reuters "Our privacy policy respects European law and allows us to create simpler, more effective services. We have engaged fully with the authorities involved throughout this process, and we'll continue to do so going forward,"

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.

>To submit a news tip, send an email to:
Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $692.36 0.00%
AAPL $95.18 0.00%
FB $117.43 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs