Russia Punishes Meta For Alleged LGBT Propaganda

  • A Russian court penalized Meta Platforms Inc FB 4 million roubles ($0.05 million) for allegedly failing to delete posts that contain "LGBT propaganda," Reuters reports.
  • A 2013 Russian law bans the "promotion of non-traditional sexual relations to minors."
  • Previously, Russia slapped a criminal case against the Facebook parent for allowing users to call for "death to the Russian invaders" in the context of the war with Ukraine.
  • Meta globally demoted content from Russian state-controlled media outlets' Facebook pages, Instagram accounts, and posts following Russia's Ukraine invasion.
  • Price Action: FB shares traded lower by 0.80% at $185.49 in the premarket on the last check Tuesday.
  • Image by Tumisu from Pixaby
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