Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Markets

Netflix Hit with €4.57M Privacy Fine: Dutch Regulator Cites GDPR Violations Over Data Transparency

by Team Lumida
December 18, 2024
in Markets
Reading Time: 3 mins read
A A
0
person holding remote pointing at TV

Photo by freestocks on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com
• Netflix fined €4.57M ($4.8M) by Dutch Data Protection Authority
• Violations occurred between 2018-2020 regarding user data transparency
• Company failed to adequately explain data collection, retention, and sharing practices
• Netflix objects to decision while claiming current GDPR compliance

What Happened?


The Dutch Data Protection Authority (DPA) imposed a significant fine on Netflix for failing to meet GDPR transparency requirements. The investigation, triggered by Austrian privacy group None of Your Business, found that Netflix provided insufficient and unclear information about its data handling practices during 2018-2020. Specific violations included inadequate disclosure about data collection purposes, retention periods, and third-party sharing.

Why It Matters?

  • Growing regulatory scrutiny of tech companies’ data practices in EU
  • Financial consequences of GDPR non-compliance
  • Importance of transparent data handling policies
  • Challenges global companies face in meeting regional privacy standards
  • Rising expectations for corporate accountability in data management

What’s Next?

  1. Netflix’s appeal process and potential legal challenges
  2. Company’s efforts to maintain updated privacy compliance
  3. Possible ripple effects for other streaming services
  4. Enhanced scrutiny of tech companies’ privacy practices
  5. Potential strengthening of EU privacy enforcement

The case sets a precedent for how streaming services must handle user data transparency and could influence future privacy compliance standards in the industry.

Tags: netflix
Previous Post

Chinese EV Dominance Triggers Global Auto Industry Reshaping: Honda-Nissan Merger Talks Signal Major Shift

Next Post

Silicon Valley’s Secondary Market Boom: The New Exit Strategy Reshaping Tech Wealth

Recommended For You

Paramount Raises Bid for Warner Bros., Escalating Studio Showdown With Netflix

by Team Lumida
6 hours ago
Paramount Raises Bid for Warner Bros., Escalating Studio Showdown With Netflix

Key takeaways Powered by lumidawealth.com Paramount Skydance Corp submitted a higher bid for Warner Bros. Discovery Inc., topping its prior $30/share offer. Warner had agreed in December to sell...

Read more

Private Equity’s Exit Drought Deepens: Distributions Stall, Fundraising Slides, and the “Hold Period” Problem Grows

by Team Lumida
1 day ago
Private Equity’s Exit Drought Deepens: Distributions Stall, Fundraising Slides, and the “Hold Period” Problem Grows

Key takeaways Powered by lumidawealth.com Liquidity remains constrained: Distributions were 14% of NAV in 2025, the second-lowest level since the depths of the 2008-era slump. Exit overhang is large:...

Read more

JPMorgan Seeks to Dismiss Trump’s $5B Lawsuit, Cites Improper Legal Claims Against Dimon

by Team Lumida
4 days ago
JPMorgan Seeks to Dismiss Trump’s $5B Lawsuit, Cites Improper Legal Claims Against Dimon

Key takeaways Powered by lumidawealth.com JPMorgan Chase is seeking to dismiss Donald Trump’s lawsuit, alleging improper inclusion of Jamie Dimon in the suit to circumvent federal jurisdiction. The lawsuit...

Read more

Amazon Overtakes Walmart to Become America’s Largest Company by Revenue

by Team Lumida
4 days ago
Amazon’s $100 Billion Bet: AI Over Retail

Key takeaways Powered by lumidawealth.com Amazon's revenue reached $716.9 billion for the year, surpassing Walmart’s $713.2 billion, ending Walmart’s 17-year reign as the largest U.S. company by revenue. Amazon’s...

Read more

Foreign Investors Defy “Sell America,” Buy $1.6T Net of US Assets in 2025

by Team Lumida
5 days ago
flag of U.S.A. under white clouds during daytime

Key takeaways Powered by lumidawealth.com Foreign investors bought $1.55T net of long-term US assets in 2025 (vs $1.18T in 2024), led by equities ($658.5B) and Treasuries ($442.7B). The data...

Read more

Meta Under Fire in California Trial Over Teen Harm, “Time Spent” Goals, and Underage Users

by Team Lumida
5 days ago
a bunch of stickers on the side of a building

Key Takeaways Powered by lumidawealth.com Zuckerberg faced questioning on internal discussions about increasing “time spent,” including a 2015 email targeting a 12% increase. Meta says it no longer gives...

Read more

Uber Commits $100M+ to Robotaxi Charging Hubs, Moving Closer to “Platform + Infrastructure” Control

by Team Lumida
6 days ago
A close up of a car's tail light

Key Takeaways Powered by lumidawealth.com Uber plans to invest $100M+ in high-capacity fast-charging hubs for autonomous vehicles, starting in the Bay Area, Los Angeles, and Dallas. Charging ownership is...

Read more

Berkshire Dumps Most of Amazon, Adds New York Times in Late-Stage Portfolio Shift

by Team Lumida
6 days ago
Berkshire Dumps Most of Amazon, Adds New York Times in Late-Stage Portfolio Shift

Key Takeaways Powered by lumidawealth.com Berkshire Hathaway reduced its Amazon position by more than 75% in Q4, continuing a broader portfolio reshuffle. The firm initiated a new stake in...

Read more

Private Equity Targets America’s $14T 401(k) Pool as Regulators Open the Door to Alternatives

by Team Lumida
6 days ago
Private Equity Targets America’s $14T 401(k) Pool as Regulators Open the Door to Alternatives

Key Takeaways Powered by lumidawealth.com Private equity is moving aggressively into the 401(k) ecosystem by acquiring advisers, consultants, administrators, and recordkeepers that control plan menus and participant access. Policy...

Read more

Apple Breaks From Big Tech Pack as AI Volatility Drives Investors Toward Safety

by Team Lumida
6 days ago
Apple Breaks From Big Tech Pack as AI Volatility Drives Investors Toward Safety

Key Takeaways Powered by lumidawealth.com Apple’s correlation with the Nasdaq 100 fell to 0.21, the lowest since 2006, as it diverges from AI-driven tech volatility. Investors increasingly view Apple...

Read more
Next Post
man and woman sitting at table using macbook

Silicon Valley's Secondary Market Boom: The New Exit Strategy Reshaping Tech Wealth

a pile of bitcoins sitting on top of a red cloth

Bitcoin Hits Historic $108K, Pauses as Markets Eye Fed and Trump's Crypto Stance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

photography of assorted-color shoes lot on box

Shoe Companies Warn of Price Increases as Tariff Costs Kick In

September 16, 2025
Disney Goes All-In on OpenAI, Turning Iconic IP Into an AI Video Platform

Disney Goes All-In on OpenAI, Turning Iconic IP Into an AI Video Platform

December 12, 2025
Robinhood, Susquehanna to Build New Derivatives Exchange to Scale Prediction Markets

Robinhood, Susquehanna to Build New Derivatives Exchange to Scale Prediction Markets

November 26, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018