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Europe cracks down on US tech with data ruling

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Major tech companies may soon be forced to change the way they deal with user data after a ruling from the European Union’s top court.

The court declared invalid a 2000 "Safe Harbor" agreement that allowed Facebook and other tech firms to transfer users' data in huge quantities to their servers in the U.S.

Over 4,000 companies are said to have taken advantage of the agreement.

Read more from CNNMoney.

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