Google Warns Data Privacy Changes Could Hurt Its Business

Google parent Alphabet Inc. warned that its business may be damaged by changing data privacy practices, new digital advertising polices and software bugs that leak user information.

As consumers and politicians re-evaluate the data-collecting business models of companies like Google and Facebook Inc., the chance of tough regulations that undercut key revenue streams is increasing. To date, Google has mostly faced fines in Europe that it has been able to pay with its massive cash hoard, but some privacy advocates and those concerned with the company’s sheer size are pushing for harsher policies.

Source: Google Warns Data Privacy Changes Could Hurt Its Business – Bloomberg