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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.

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