Amazon shares sink as EU hands down record €746m EU data privacy fine

News and information from the Advent IM team.

Amazon has been hit with a record €746m (£635m) fine for breaking EU rules over how it processed customers’ personal data, the tech giant disclosed today.

In a regulatory filing Amazon said the Luxembourg National Commission for Data Protection (CNPD) had issued the ruling against it for breaches of EU data protection rules on 16 July.

Read via City A.M

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