TikTok, the popular video app owned by China’s ByteDance, said it was suspending live streaming and the addition of new content to its video service in Russia.
What Happened: The company attributed its move to Russia’s new “fake news” law, which was signed by President Vladimir Putin on Friday and comes attached with a possible 15-year jail term for offenders.
TikTok said on Twitter that the “safety of our employees and our users remain our highest priority" and clarified that its in-app messaging service would not be affected.
See Also: How To Buy Facebook (FB) Shares
Why It Matters: The White House has condemned the new media law that makes it illegal to report any event that could discredit Russia's military, according to a Reuters report.
Russia has moved to block Facebook, the flagship social media platform of Meta Platforms Inc (NASDAQ: FB), after it passed the law, Reuters reported separately.
Entertainment options for Russians have shrunk after Netflix Inc (NASDAQ: NFLX) said “Nyet” to Russia and halted its operations there on Sunday.
See Also: The Companies Pulling Their Business From Russia After The Ukraine Invasion
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