Amazon may see $425 million EU privacy fine – WSJ

Stock Markets33 minutes ago (Jun 10, 2021 10:32AM ET)

(C) 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 could be fined more than $425 million under the European Union’s privacy law, the Wall Street Journal reported https://www.wsj.com/articles/amazon-faces-possible-425-million-eu-privacy-fine-11623332987?mod=latest_headlines on Thursday, citing people familiar with the matter.

Luxembourg’s data-protection commission, CNPD, has circulated a draft decision and proposed a fine highlighting Amazon (NASDAQ:AMZN)’s privacy practices among the bloc’s 26 national data-protection authorities, the report said.

The case relates to Amazon’s collection and use of individuals’ personal data and violations under EU’s landmark data privacy rules known as the General Data Protection Regulation (GDPR), a source told the Journal.

GDPR requires companies to seek people’s consent before using their personal data or face steep fines.

An EU court ruling last month annulled an order that required Amazon, which has its EU headquarters in Luxembourg City, to pay back taxes to the country.

Amazon was not immediately available for a comment.

Amazon may see $425 million EU privacy fine – WSJ

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