EU Privacy Watchdog Initiates Probe Against Amazon, Microsoft's Cloud Service To EU Institutions: Reuters - Microsoft (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN)

The European Data Protection Supervisor (EDPS) has launched two investigations into Amazon.com Inc AMZN and Microsoft Corp’s MSFT cloud computing services to the E.U. institutions over concerns regarding Europeans’ data transfer to the U.S., Reuters reports.
One of the inquiries will focus on the European Commission’s use of Microsoft Office 365.
Amazon, Alphabet Inc GOOGL GOOG unit Google and Microsoft’s global data storage dominance fueled concerns in Europe over U.S.’s surveillance risk.
Facebook Inc FB has 45 days to respond to an investigation that may lead to a ban on its transatlantic data transfers based on a High Court order. The dispute was partly triggered by the E.U.’s Court of Justice’s abolition of the E.U.’s trans-Atlantic transfer tool over citizens’ data safety concerns.
Price action: AMZN shares traded lower by 0.36% at $3,253, and MSFT shares traded lower by 0.30% at $250.72 on the last check Thursday.