- A Russian court has penalized Facebook Inc FB 17 million roubles (about $235,000) for not taking down content deemed illegal by Moscow, Reuters reported.
- Earlier in March, Russian authorities filed lawsuits against five social media platforms for retaining posts that provoked children to participate in illegal protests.
- Last month Alphabet Inc's GOOG GOOGL Google was penalized 6 million roubles ($81,810) for the same reason.
- Subsequently, Twitter Inc TWTR was fined 7 million roubles ($95,310). ByteDance's TikTok was also fined 1.5 million roubles ($20,425).
- Price action: FB shares traded lower by 0.08% at $329.99 in the premarket session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in