Google-Owned Fitbit Faces Multi-Country Complaints Over Alleged Breach Of GDPR Rules
Portfolio Pulse from Benzinga Neuro
Google's Fitbit is facing complaints of GDPR violations filed by privacy advocacy group Noyb in Austria, Netherlands, and Italy. The group accuses Fitbit of forcing users to agree to data transfers outside the EU without an option to withdraw their consent. Noyb is asking Fitbit to provide complete data transfer information and allow users to use its app without agreeing to these transfers. This complaint highlights the growing scrutiny and strict regulatory environment tech companies face in the EU.
August 31, 2023 | 12:57 pm
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Google's Fitbit is facing GDPR violation complaints in multiple countries. This could potentially lead to fines and reputational damage.
The GDPR violation complaints against Fitbit, owned by Google, could lead to fines and reputational damage. This could negatively impact Google's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Google-owned Fitbit is facing GDPR violation complaints in multiple countries. This could potentially lead to fines and reputational damage.
The GDPR violation complaints against Fitbit, owned by Alphabet's Google, could lead to fines and reputational damage. This could negatively impact Alphabet's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms had to forego the launch of its new decentralized social media platform, Threads, in the EU and Ireland due to data privacy concerns. This highlights the strict regulatory environment tech companies face in the EU.
The mention of Meta Platforms' issues with data privacy in the EU highlights the strict regulatory environment tech companies face in the region. This could negatively impact Meta's stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50