Google moves its UK users’ data out of EU
The company confirmed that it will place the users’ data under U.S. jurisdiction instead
Stocks impacted: Alphabet Inc (GOOGL)
Google wants to move its British users’ accounts out of the control of European Union privacy regulators since the UK is no longer a member of the bloc. The company confirmed that it will place the users’ data under U.S. jurisdiction instead. Meanwhile, Ireland, where Google and other U.S. tech companies have their European headquarters, is staying in the EU. As a reminder, the US has recently introduced the so-called Cloud Act, which could eventually make it easier for UK authorities to access data of British users for criminal investigations. Of note, on Wednesday, the European Union unveiled plans to create a single market for data that will help its companies compete on the next round of tech innovations and curb the power of data giants such as Facebook and Google.
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