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Tuesday, June 30, 2015

Capital controls mean Greeks can click, but not buy, (NASDAQ: AMZN)

Monday was the day the music died for thousands of song downloaders and music streamers in Greece.The imposition of capital controls on Sunday evening means Greeks are no longer able to purchase goods or services from many big international online suppliers including Google , Amazon.com Inc, Apple and Facebook .Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.The controls mean payments via debit or credit cards to accounts outside Greece are prohibited.

Amazon.com, Inc. (Amazon.com) is an e-commerce company. Shares of AMZN traded higher by 0.9% or $3.85/share to $433.71. In the past year, the shares have traded as low as $284.00 and as high as $452.65. On average, 3016590 shares of AMZN exchange hands on a given day and today's volume is recorded at 1816161.



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