Alphabet's $57 Million Data Fine: Drop in the Bucket, or Sign of Trouble Ahead? [TheStreet.com]
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Source: TheStreet.com
Alphabet's $57 Million Data Fine: Drop in the Bucket, or Sign of Trouble Ahead? Does Alphabet's ( GOOGL The penalty was levied by the French National Protection Commission (CNIL) The $57 million fine may be a drop in the bucket for Alphabet, which posted more than $110 billion in annual revenue in 2018. But the commission suggested that the penalties might not end there: "the violations are continuous breaches of the as they are still observed to date. It is not a one-off, time-limited, infringement," the commission added in an announcement Other European regulators and governing bodies have shown a willingness to fine or otherwise slap liabilities on a certain narrow class of tech giants. For example, in December 2018 Italian authorities fined Facebook ( FB recently announced plans How high can fines get for a company like Alphabet? The GDPR law permits fines of up to 4% of a company's annual global revenue, which could mean billions. And some industry observers anticipate that th
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