Germany's Privacy Watchdog Prohibits Facebook From Collecting WhatsApp User Data For 3 Months: Bloomberg

• Hamburg’s (Germany) privacy authority head, Johannes Caspar, has issued a three-month emergency ban against Facebook Inc’s (NASDAQ: FB) WhatsApp unit, prohibiting it from German user data collection, for WhatsApp’s alleged intransparent, inconsistent, and overly broad new terms, Bloomberg reports.

• Caspar also requested a panel of the European Union data regulators to issue a ruling across the 27-nation bloc.

• A report in April noted Germany’s antitrust regulator Seeking action before the new terms go into effect by May 15th.

• WhatsApp’s latest privacy policy faced global flak, including from the Indian government.

• Facebook’s WhatsApp unit said the regulator’s action is “based on a fundamental misunderstanding.”

• Casper aimed to prevent information misuse for Germany’s upcoming national election in September via the ban.

• Price action: FB shares traded lower by 0.03% at $305.89 on the last check Tuesday.

See more from Benzinga

• Click here for options trades from Benzinga

• 44 Attorney Generals Oppose Instagram Youth Launch Over Mental, Privacy Concerns: Bloomberg

• Alphabet, Facebook Shares Decline On Citi Rating Downgrade Over Ad Revenue Growth Concerns: Bloomberg

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.