Google Inc (NASDAQ:GOOG) has been dealing with privacy related accusations as of late, as we detailed in this story: Google Inc (GOOG) Set to Pay $7 Million Fine in Wi-Fi Case
Google Inc (NASDAQ:GOOG) is one of the hedge fund industry's most popular stock picks, but it's been displaced by a financial stock recently (see which one here).
Of course, this is just another story in a long saga regarding the search engine giant and privacy. As you probably know, the company has been involved in an investigations regarding its Street View mapping project.
According to the New York Times, Google Inc (NASDAQ:GOOG) is interested in making changes for the better. Here is a brief excerpt from a recent piece:
“To make sure of this, a coalition of 38 states has drawn up numerous specific steps for Google to take, ranging from educating its engineers to educating its lawyers. Whatever Google was doing before to improve its privacy controls was not enough, the states say.”
Whether or not this type of program has any chance of success is up for debate. While some people it will help keep the company on the straight and narrow, others are not as sure.
Here is what Joseph L. Hall, senior staff technologist at the Center for Democracy and Technology, had to say:
“This gives me some glimmer of hope that going forward, the culture of Google will include more privacy by design. Then they could do things in an innovative way on the front end that won’t result in needing to beg for forgiveness later.”
In other words, Google Inc (NASDAQ:GOOG) needs to think about privacy first and then move forward with its project instead of vice versa. This will ensure that the right precautions are taken upfront, allowing the company to avoid embarrassing and costly decisions down the road.
What do you think about privacy related concerns bogging down Google Inc (NASDAQ:GOOG)? Share your thoughts in the comment section below.
DISCLOSURE: I have no positions in any stock mentioned.
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