EU could fine Facebook, Amazon billions of dollars: Official

Serguei Beloussov, chief executive of U.S.-based software recovery firm Acronis Inc., said that the European Union could fine major U.S companies including Facebook Inc. up to $10 billion over business practices, Fox Business reported. Mr. Beloussov said that major companies including U.S.-based Amazon.com Inc., and Cisco Systems Inc. need to focus on coordination between their sales and legal teams over their business practices.

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