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Amazon hit with record EU data privacy fine

EconomyJul 30, 2021 10:36AM ET
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© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo

(Reuters) -Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.

The Luxembourg National Commission for Data Protection (CNPD) imposed the fine on Amazon (NASDAQ:AMZN) in a July 16 decision, the company disclosed in a regulatory filing on Friday. (https://

Amazon will appeal the fine, according to a company spokesperson. The e-commerce giant said in the filing it believed CNPD's decision was without merit.

CNPD did not immediately respond to a request for comment.

EU's General Data Protection Regulation, or GDPR, requires companies to seek people's consent before using their personal data or face steep fines.

Globally, regulatory scrutiny of tech giants has been increasing following a string of scandals over privacy and misinformation, as well as complaints from some businesses that they abuse their market power.

Alphabet (NASDAQ:GOOGL)'s Google, Facebook Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT) have drawn heightened scrutiny in Europe.

In December, France's data privacy watchdog handed out its biggest ever fine of 100 million euros ($118.82 million) to Google for breaching the nation's rules on online advertising trackers.

($1 = 0.8416 euros)

Amazon hit with record EU data privacy fine
 

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Comments (2)
Truth Trader
Truth Trader Jul 30, 2021 10:11AM ET
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Laughable. This will go away on appeal like every other “fine” this toothless organization announces.
Trade Secret
Trading_sc Jul 30, 2021 9:48AM ET
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I am happy, Amazon should close now, it is bankrupt.taking peoples money and doing below expectation very good, lock the company and stop your business
lp singh
lp singh Jul 30, 2021 9:48AM ET
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how much you lost in the stock drop lol
 
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