November 29, 2023


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Amazon Fined By Russia For Failing To Remove Content About Drug Use, Suicide - (NASDAQ:AMZN)

Amazon Fined By Russia For Failing To Remove Content About Drug Use, Suicide – (NASDAQ:AMZN), Inc AMZN was handed a good by a court in Russia for its failure to clear away proscribed articles on Tuesday.

What Transpired: A Moscow court fined the Jeff Bezos-established conglomerate 4 million rubles ($65,000) for failing to take away written content relevant to drug use and suicide, devoid of elaborating on particulars, claimed Reuters.

Amazon reportedly gained various penalties from the Tagansky District Court docket, which fined the company in two separate scenarios aside from levying an 8 million ruble ($130,000) penalty on its Twitch streaming support for failure to get rid of banned articles.

Amazon did not straight away react to Benzinga’s request for remark on the development.

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Why It Matters: Earlier this thirty day period, Twitch was fined RUB 4 million for refusing to take out an interview with a Ukrainian political determine, although TikTok was banned in Russia soon after it refused to clear away LGBT information.

Vladimir Putin-led Russia has slapped fines on international technology companies on very similar traces in the previous as a component of a marketing campaign by the Kremlin to limit their influence, Reuters observed.

In March, Russia filed a felony lawsuit against Mark Zuckerberg-led Meta Platforms Inc META — the parent of Facebook and Instagram — to designate the corporation as an “extremist corporation.” 

Cost Action: On Tuesday, Amazon shares closed 2.26% higher at $116.36 in the common session and rose 1.5% to $118.10 in the right after-hrs trading, according to details from Benzinga Professional.

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