Russia Court Fines Amazon's Twitch Again For Non-Removal Of Information

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  • A Russian court penalized Amazon.Com, Inc AMZN owned streaming service Twitch 4 million roubles ($57,000) for allegedly retaining false information about Russia's military campaign in Ukraine, Reuters reports.
  • Moscow has long objected to foreign tech platforms' content distribution failing to comply with its restrictions, including penalties.
  • Despite accounting for the highest market share for the number of hours watched, Twitch has faced flak for thriving child predatory activities on its platform.
  • Last November, Twitch introduced mandatory phone verification requirements and fortified technology to catch and terminate accounts belonging to people under 13, among other measures, to promote child safety.
  • Amazon held $58.66 billion in cash and equivalents as of September 30.
  • Price Action: AMZN shares traded higher by 0.50% at $101.05 in the premarket on the last check Tuesday.
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