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Google is sued over the use of children's data

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Miguel A. Rodriguez
Miguel A. Rodriguez
15 September 2020
Another week, another lawsuit against Google

The cloud and advertisement behemoth, Google, faces a multibillion-dollar lawsuit in the UK over wrongful data use. The $3.2 billion case is made on behalf of more than five million under-aged children and their parents over claims that YouTube repeatedly broke privacy laws.  

A team of researchers and privacy advocates brought the case to the British High Court as YouTube  broke the rules set by the #UK Data Protection Act and Europe's General Data Protection Regulation, as it is "unlawfully harvesting the data of millions of children to target advertisements.”

Until now, there have been no comments from YouTube regarding the situation, but it stated that the platform is not addressed to users who are under 13 years old. 

But besides the UK lawsuit, the Justice Department is expected to file an antitrust lawsuit against Google. More #US states are expected to join the case, even though they are conducting their own investigations. If all states join the Department of Justice's lawsuit, it could be the most massive antitrust case since the one against Microsoft from 1998.

Currently, Google is involved in two other significant lawsuits. One filed by Fornite creator, Epic Games, over unfair practices regarding in-app payments. The second one has been filed in Italy upon an investigation conducted by the Competition and Market Authority.

Following the news, Google stock price closed 0.09% lower. 

Read here about the Epic Games lawsuit, and here about the one filed in Italy!

Sources: engadget.com, marketwatch.com, finance.yahoo.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.