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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
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France Fines Google $57 Million For GDPR Violations

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Emily Price
Emily Price
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By
Emily Price
Emily Price
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January 21, 2019, 1:54 PM ET
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France’s data protection regulator, CNIL, has issued a €50 million fine (about $56.8 million USD) fine to Google for failing to comply with GDPR. The fine marks the first time a major tech company has been penalized under the new privacy law.

The General Data Protection Regulation, GDPR, went into effect in the EU last May. The regulation set forth universal data privacy laws across the European Union and created projections for user’s online data.

As part of the regulation, companies are required to get a user’s “genuine consent” before collecting information about them That consent needs to happen in the form of that user explicitly opting in to share their data. They also need to provide a way for users to delete that data.

Last week Apple CEO Tim Cook penned an op-ed in Time where he suggested similar privacy laws be instated in the United States.

CNIL issued the fine because Google did not meet the country’s standards for providing information to consumers about how their data is being used, nor did it provide enough information about its data consent policies.

While that $56 million might seem like a huge fine, it’s not as high as GDPR fines can get. Companies can be fined a maximum of 4% of their annual global turnover. For companies like Google, that could easily wind up being billions of dollars.

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