- Russia has partly paused a retaliatory slowdown of Twitter Inc (NYSE: TWTR) after the social media company complied with the country’s regulations and deleted the content deemed illegal by Moscow, Reuters reports.
- Russia has also issued a warning about similar penalties for non-compliance by other U.S. internet platforms, including Facebook Inc (NASDAQ: FB) and Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube.
- State communications watchdog, Roskomnadzor had slowed down the Twitter speed since March for non-compliance of deleting inappropriate content. The watchdog also talked about the possibility of a permanent ban.
- Twitter started taking action in late April, albeit with a delay.
- Roskomnadzor no longer planned to block the service. However, the slowdown will continue on mobile devices.
- Since March, Twitter had removed 91% of banned content with only 563 of the blocked items accessible, down from almost 6,000 in total.
- Price action: TWTR shares traded higher by 1.56% at $52.54 on the last check Monday.
Tesla Shows Strength Versus S&P 500 Ahead Of Fed Interest Rate Decision: What’s Happening?
Tesla, Inc (NASDAQ: TSLA) was popping up over 4% on Friday in contrast to the general market, which saw the S&P 500 struggling to close flat.
