Reuters Dado Ruvic
Twitter shares fell on the New York Stock Exchange by about 4% due to the Russian authorities ’decision to impose restrictions on the site’s operation in Russia due to its non-compliance with the country’s laws.
On Wednesday, stock market trading data indicated that Twitter shares fell 3.98% at closing, and the value per share decreased from $ 67.56 on Tuesday evening to $ 64.83 on Wednesday evening.
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The Russian Federal Authority for Supervision in the Field of Communication, Communications and Information Technology, “Rosscom Nadzor”, had announced a slowdown in the work of the “Twitter” site in Russia and warned it of the possibility of blocking it completely, if it did not fulfill the demands of the Russian authorities to delete the content in violation of the law.
It is reported that, as of February 1, the law requiring social media sites to disclose and block content that violates Russian laws came into effect in Russia. Among those prohibited items are calls for terrorism and materials promoting extremism, violence and dangerous social phenomena such as suicide and hatred on ethnic, national or religious grounds, among others.
Source: “TASS”
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