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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amazon.com Inc | NASDAQ:AMZN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -0.01% | 179.82 | 179.77 | 179.91 | 181.70 | 179.26 | 180.17 | 37,949,394 | 00:00:00 |
BERLIN-- Amazon Inc. said Thursday it will launch web-hosting services in Germany amid mounting pressure from German regulators and privacy advocates concerned with data managed by American technology companies.
Senior Vice President of Amazon Web Services Andy Jassy said his company is opening a new data center near Frankfurt to deal with the growing German demand for its products.
The new facility is the second in Europe, joining a center in Ireland, and Amazon said it is designed to be fully compliant with German and European Union law, which restricts where citizens' personal data can be physically stored.
Since revelations last year of spying by the U.S. in Germany, German politicians and pundits have attacked American tech companies as threats to Germans' personal freedom. One official said Google Inc. is more dangerous than the U.S. National Security Agency.
Mr. Jassy said the company's fortunes in Germany haven't been damaged by the NSA spying scandal.
"Right now, we're growing faster than we imagined," he said.
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