It’ll hurt, but Amazon shouldn’t have problems paying the fine after its $100 billion quarter.
Amazon’s $100 billion quarter has gotten a bit sour after the company got hit with a record, 746 million euro ($886 million) fine for violating the EU’s privacy rules.
According to Amazon’s regulatory filing, the decision was made on July 16 by Luxembourg’s data protection authority CNPD, which claimed that Amazon’s processing of personal data did not comply with the EU’s GDPR (General Data Protection Regulation) rules.
“We believe the CNPD’s decision to be without merit and intend to defend ourselves vigorously in this matter,” Amazon said in the filing.
Amazon claims that the CNPD’s decision also includes “practice revisions,” though it’s unclear what these consist of.
According to Bloomberg, the decision is a result of a probe started in 2018 by French privacy rights group La Quadrature du Net.
“It’s a first step…
