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Microsoft Brings Down Curtains On LinkedIn China

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Microsoft Brings Down Curtains On LinkedIn China
  • China has blocked Twitter Inc (NYSE: TWTR) and Facebook Inc (NASDAQ: FB) for over a decade. Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google shuttered operations in 2010.
  • Now, Microsoft Corp (NASDAQ: MSFT) has opted to pull the plug off China's version of LinkedIn amid the country's growing internet censorship.
  • Microsoft defended the move to a "significantly more challenging operating environment and greater compliance requirements in China," CNBC reports.
  • Instead, Microsoft will launch a job search site in China without LinkedIn's social media features.
  • A Chinese internet regulator gave a 30-day deadline to LinkedIn in March to better moderate its content, the Wall Street Journal reports.
  • In September, LinkedIn blocked several U.S. journalists in China, along with academics and researchers citing "prohibited content" in their profiles.
  • LinkedIn launched in China in 2014 with limited features. The new site, called InJobs, will not include a social feed or allow users to share posts or articles.
  • Price Action: MSFT shares traded higher by 1.73% at $301.45 on the last check Thursday.
 

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