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    Nikola Corp. stock falls Monday, underperforms market

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

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    Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

    Vizio Swings to 1Q on Decline in Device Sales

    Vizio Swings to 1Q on Decline in Device Sales

  • NYSE
    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Doximity stock plummets after forecast, heads lower than IPO price for first time

    Coca-Cola Co. stock falls Tuesday, underperforms market

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  • NASDAQ
    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    Costco Wholesale Corp. stock falls Tuesday, underperforms market

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    LumiraDx Limited (NASDAQ:LMDX) Sees Large Decrease in Short Interest

    Nikola Corp. stock falls Monday, underperforms market

    Nikola Corp. stock falls Monday, underperforms market

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

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    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    CN Rail Stock Is So Undervalued That it’s Absurd

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Irish Watchdog Fines WhatsApp $267M After EU Privacy Probe

Editorial Staff by Editorial Staff
September 3, 2021
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Irish Watchdog Fines WhatsApp $267M After EU Privacy Probe

Ireland’s privacy watchdog has fined WhatsApp 225 million euros ($267 million) for breaching stringent European Union data protection rules.

LONDON — Ireland’s privacy watchdog has fined WhatsApp a record 225 million euros ($267 million) after an investigation found it breached stringent European Union data protection rules on transparency about sharing people’s data with other Facebook companies.

The Data Protection Commission said Thursday that it was also ordering WhatsApp to take “remedial actions” to change the way it communicates with users so that it complies with EU regulations. WhatsApp, which has 2 billion users worldwide, said the fine was out of proportion and it would appeal the decision.

The watchdog’s announcement wraps up an investigation into the Facebook-owned messaging service that opened in December 2018, after the EU rules, known as General Data Protection Regulation, or GDPR, took effect. It’s the second penalty – and the biggest – issued by the Irish watchdog under GDPR. Last year it fined Twitter 450,000 euros for a security breach.

“WhatsApp is committed to providing a secure and private service,” the company said in a press statement. “We have worked to ensure the information we provide is transparent and comprehensive and will continue to do so. We disagree with the decision today regarding the transparency we provided to people in 2018 and the penalties are entirely disproportionate.”

The commission said the case examined whether Facebook followed GDPR requirements to be transparent for both users and those who didn’t use its service, including how people’s data is processed between WhatsApp and other Facebook companies. In other words, it focused on how much detail was provided in its privacy policy, which has since been updated.

WhatsApp has faced criticism that its privacy policies are too long and complicated, but the ruling could mean that they get even longer and more detailed.

Under GDPR, the Irish watchdog acts as the lead regulator in cross-border data privacy cases for WhatsApp and many other big tech companies that have their European headquarters in Dublin.

The Irish penalty is also the second biggest issued in the EU under GDPR, behind Luxembourg’s 746 million euro fine to Amazon in July for data protection violations.

A draft of the Irish decision, which reportedly called for a 50 million euro fine, was shared with regulators in other EU member states so that their feedback could be taken into consideration. However, in a sign of the complexity involved in cross-border privacy cases and the backroom wrangling need to resolve them, eight national privacy watchdogs objected, so the case was sent to the EU’s independent oversight body for GDPR, which beefed up the penalty to 225 million euros.

The Irish Data Protection Commission still has open about two dozen other investigations into big tech companies like Google, Twitter and Facebook, including a second case involving WhatsApp.

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