Google Could Be Next Under the Spotlight for Data Abuses

Recently, Facebook has been the object of public fury upon the discovery that it uses individuals’ private data without their knowledge or consent.

Those who criticized Facebook would be surprised to learn Google gathers far more personal information than its social media peer.

For now, Google has escaped the wrath visited upon Facebook by irate customers and regulators.

Yet it will soon be Google’s turn to face the music as its far-reaching data harvesting techniques are placed in the spotlight.

Although Facebook’s collection practices caused consternation, critics charge that Google presents a far greater potential for abuse and manipulation of private user data.

That’s due to the volume of information it collects through its search engine, Gmail accounts and Android applications.

The reason both Google and Facebook are so dominant in online advertising is that they input enormous amounts of personal data through artificial intelligence software.

The software can track our identities and our location — whether or not individuals realize that they reveal such personal information.

The two issues of foremost concern in the privacy abuse scandals are disclosure and consent.

Even those who may find Google’s targeted advertising an unobjectionable trade-off for the services Google provides, few are aware of the extent and scope of Google’s reach in tracking personal data.

Many Google users are oblivious to the fact that the company tracks information on their purchasing profiles, where they make their purchases, the dollar amount and other personal information — potentially without the consent or knowledge of users and non-users alike.

For instance, critics say, Google tracks private information on those who have expressly opted out of its targeting advertising practices.

Such practices, characterized as “shadow profiles,” result when users are unaware that Google still collects data on them even though they have opted out or don’t use the full array of Google product features.

Additionally, the process Goggle employs to obtain user permission borders on chicanery.

For example, Android users of Gmail will be asked repeatedly to enable access to the microphone and camera on devices, until they acquiesce, perhaps inadvertently.

In other cases, the opt-out button will be barely perceptible.

Ballot question

In order to prohibit such deceptive practices, the Federal Trade Commission has stated unequivocally that it is now committed to protecting the privacy of consumers and intends to scrutinize Google’s business practices.

Additionally, an upcoming ballot question in California would protect consumer’s privacy in their interaction with the online tech giants.

The proposed legislation would provide three main protections:

  1. the right to tell a company not to share or sell personal information with other third parties
  2. the right to know to whom the data is being sold
  3. and, lastly, the right to assurances that the online social media company is protecting your personal information

It should come as no surprise that Google opposes this ballot measure, which if enacted would upend its business model, the source of its profits and the company’s overweening presence in the online marketplace.

Googles’s problems are not limited to regulation at the state level.

The Senate Judiciary Committee has called Google CEO Sundar Pichai to appear next month for questioning about the scope of their data harvesting practices and the extent to which it profits from the manipulation of private user data.

biden wins

What I’m Telling Investors to Do If Biden Wins the White House

The value of our Bulletproof Wealth Report model portfolio declined modestly over the past several trading days ending Sept. 27, while the Dow Jones Industrial Average fell by 822 points

Options: Meandering Market Tamed by Using a Straddle or a Strangle

When you hear talk of markets trending, people think of uptrends or downtrends. However, markets often get stuck in a trading range. This is the condition where there is no

Warning! Market ‘Death Cross’ Appears

A death cross! According to Investopedia: The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a

5 Best Stocks to Buy If Trump Wins the Election

If President Donald Trump wins the election on November 3, 2020, you might want to consider adding these five equities positions to your portfolio: LMT, BAC, AMZN, XLE, TWTR. Why?

5 Best Stocks to Buy If Biden Wins the Election

If Vice President Joe Biden wins the election on November 3, 2020, you might want to consider adding these five equities positions to your portfolio: XLU, TSLA, XLV, MLM, and

TGIF — Ending the Week with a Whimper

Everything is proceeding as I have foreseen. In Monday's "The Week Ahead — 200,000 Deaths Weigh Heavily on the Market," we knew the 200,000th American death would put Covid back

Even If the Overall Market Continues Lower, This Staple Could Maintain Its Upward Trend

Since peaking in early September, the main indices have all three stumbled for the last few weeks with the S&P and Nasdaq falling over 10% from their highs already. Three

tesla stock

TSLA Too Volatile? Two Option Strategies for Tesla Stock

Tesla Inc. (TSLA) is one of the most popular stocks amongst investors. Led by CEO Elon Musk the electric vehicle manufacturer has disrupted the transportation industry, bringing hype to a

pot stock

Pot Stock ‘Blood in the Streets’ Buy Signal Is Here

The cannabis market has been a volatile space in recent years. A wave in legalization, particularly in Canada but also through parts of the United States, led to significant growth

Use Options as Portfolio Insurance in Rocky Times

Since the beginning of September we have seen the main U.S. indices drop. There are a number of possible reasons for the decline, but more importantly I expect the increased

4 Foreign Countries Where You Can Retire On Social Security Alone

Someone once said that retirement is not the end of the road but a highway opening to a new chapter in life. Whoever said that clearly has never experienced a

We’re Beating the Index Off the March Low: Update

The Bulletproof Wealth Report model portfolio is continuing to perform well and is now up 27.4% since the inception of our monthly newsletter on April 13, 2018. Although the value