Yikes. 

Alphabet Inc.'s Google   (GOOGL)   along with Facebook Inc. (FB) may already be in hot water with the General Data Protection Regulation, or GDPR. 

On Friday, May 25, the GDPR went into effect - but the two companies already had lawsuits filed against them. These lawsuits could add up to $7.8 billion in fines, if they're found guilty. 

The lawsuits were filed by Max Schrems, the head of the privacy lobby group None of Your Business.

According to the Irish Times, Schrems "accused Facebook of "blackmail" for giving users only two options: 1. Accept the new rules, and hand over more data than needed to operate the service; or 2. deactivate the account. In addition, NOYB claims Facebook used "tricks" to keep its customers using the service. It claims Facebook created fake red dots suggesting new messages, which the user could only see if they agreed to the new terms of service."

Three complaints, worth a total of $4.6 billion, were filed against Facebook, WatsApp and Insragram in Austria, Belgium and Hamburg.

Google's Android operating system had a complaint filed against it in France. The complaint is for $4.3 billion.

But, Google and Android are not the only ones facing issues with GDPR. On the morning of Friday, May 25, European visitors to the the Los Angeles Times and Chicago Tribune came across a message saying that the companies are working toward updating their sites to comply with GDPR. Both newspapers are owned by Tronc Inc.  (TRNC) .

On Friday afternoon, Alphabet had barely moved, Facebook was down nearly 0.6% and Tronc was up nearly 2%.

Alphabet and Facebook are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells GOOGL and FB? Learn more now.

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