WhatsApp Slapped With First Fine In Russia For Refusing To Delete Banned Content
Portfolio Pulse from Ananya Gairola
WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), faces a fine of up to 4 million rubles (approx. $51,500) in Russia for refusing to delete banned content. This is the first time the messaging platform has been fined in the country.
May 20, 2023 | 9:23 am
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Meta Platforms Inc. faces a fine of up to $51,500 in Russia as WhatsApp refuses to delete banned content, marking the first time the messaging platform has been fined in the country.
The fine, although not significant in terms of Meta's overall financials, could negatively impact the company's reputation and relationship with Russian authorities. This may lead to further regulatory scrutiny and potential legal issues in the future, which could have a short-term negative impact on Meta's stock price.
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