Twitter Gains Compliance With Indian IT Rules: Reuters

Twitter Inc (NYSE:TWTR) appointed a resident grievance officer, days after designating a chief compliance officer for its India unit to comply with the country’s latest IT rules, Reuters reports.
Vinay Prakash was named the new grievance officer.
The social media company lost its intermediary immunity due to non-compliance.
Price action: TWTR shares traded lower by 0.14% at $68.87 in the premarket session on the last check Monday.