Google Responds to Congressional Concerns Over Privacy Policy Revisions

Google¬†(NASDAQ:GOOG) has responded to Congress’ concern over its controversial privacy policy revisions. The company announced the changes last week that would allow Google to “combine personal information” across the myriad of products and services that it offers. Rep. Jackie Speier (D-Calif.) and Rep. Cliff Stearns (R-Fla.) confronted Google over the new policy in a letter which stated that “consumers should have the ability to opt out of data collection when they are not comfortable with a company’s terms of service.”

In response, Google drafted a 13-page letter further explaining the changes to its policy. The letter stated that, “If a user is signed in, she can still edit or turn off her search history, switch Gmail chat to “off the record,” control the way Google tailors ads to her interests using our Ads Preferences Manager, use Incognito mode on Chrome, or use any of the other privacy tools we offer.”

The company continued by saying that they’re not collecting any additional user information, but that the new policy revision aims “to make them simpler and more understandable, and to improve the user experience across Google.”

In the letter Google also summarized the new policy which serves to “combine information you’ve provided from one service with information from other services. In short, we can treat you as a single user across all products.” The company’s new policy will go into effect on March 1.

Here’s how Google shares most recently traded:

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $580.11,. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 11,537 shares versus a 3-month average volume of 3,048,230 shares. The company’s trailing P/E is 19.49, while trailing earnings are $29.76 per share.

To contact the reporter on this story: Ashley Cloninger at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com