Amazon fined by Russia for failing to remove content about drug use and suicide

Amazon.com, Inc AMZN was fined by a Russian court for failing to remove banned content on Tuesday.

What happened: A Moscow court fined the conglomerate founded by Jeff Bezos 4 million rubles ($65,000) for failing to remove content related to drug use and suicide, without giving details, Reuters reported.< /p>

Amazon reportedly received several penalties from the Tagansky District Court, which fined the company in two separate cases in addition to imposing a fine of 8 million rubles ($130,000) to its streaming service Twitch for not removing prohibited content. .

Amazon did not immediately respond to Benzinga's request for development comment.

See also: How to invest in the best blue chip stocks < /p>

Why it matters: Earlier this month, Twitch was fined 4 million rubles for refusing to delete an interview with a Ukrainian politician, while TikTok has been banned in Russia after refusing to remove LGBT content.

Russia under Vladimir Putin has fined foreign tech companies along similar lines in the past as part of a Kremlin campaign to limit their influence, Reuters noted.

In March, Russia filed a lawsuit against Meta Platforms Inc META, led by Mark Zuckerberg – the parent company of Facebook and Instagram – to designate the company as an "extremist organization ".

Price Action: On Tuesday, Amazon shares closed up 2.26% at $116.36 in the regular session and were up 1.5% at 118, $10 in after-hours trade, according to Benzinga Pro data.

Read more:Amazon Web Services to invest $5 billion in digital infrastructure in thailand< /em>

Amazon fined by Russia for failing to remove content about drug use and suicide

Amazon.com, Inc AMZN was fined by a Russian court for failing to remove banned content on Tuesday.

What happened: A Moscow court fined the conglomerate founded by Jeff Bezos 4 million rubles ($65,000) for failing to remove content related to drug use and suicide, without giving details, Reuters reported.< /p>

Amazon reportedly received several penalties from the Tagansky District Court, which fined the company in two separate cases in addition to imposing a fine of 8 million rubles ($130,000) to its streaming service Twitch for not removing prohibited content. .

Amazon did not immediately respond to Benzinga's request for development comment.

See also: How to invest in the best blue chip stocks < /p>

Why it matters: Earlier this month, Twitch was fined 4 million rubles for refusing to delete an interview with a Ukrainian politician, while TikTok has been banned in Russia after refusing to remove LGBT content.

Russia under Vladimir Putin has fined foreign tech companies along similar lines in the past as part of a Kremlin campaign to limit their influence, Reuters noted.

In March, Russia filed a lawsuit against Meta Platforms Inc META, led by Mark Zuckerberg – the parent company of Facebook and Instagram – to designate the company as an "extremist organization ".

Price Action: On Tuesday, Amazon shares closed up 2.26% at $116.36 in the regular session and were up 1.5% at 118, $10 in after-hours trade, according to Benzinga Pro data.

Read more:Amazon Web Services to invest $5 billion in digital infrastructure in thailand< /em>

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