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California governor signs data privacy law

California's state capitol building
California's state capitol building. Photo: Rolf Schulten/ullstein bild via Getty Images

California's governor has signed a bill placing new data privacy restrictions on companies like Google and Facebook that will go into effect in 2020.

Why it matters: The approval of the law heads off a ballot measure on the same issue that was moving toward a statewide vote in the November election — its supporters agreed to pull the measure if the law was approved.