A visitor passes the TikTok exhibition stands at the Gamescom computer gaming fair in Cologne, Germany, Thursday, Aug. 25, 2022. A Russian court has fined TikTok for failing to delete LGBT material in what is the country’s latest crackdown on Big Tech companies. The court in Moscow on Tuesday, Oct. 4, 2022 issued the $50,000 penalty to the short-video sharing platform, following a complaint by Russian regulators. TikTok, which is owned by China’s ByteDance Ltd., didn’t immediately respond to a request for comment. (AP Photo/Martin Meissner, File)A Russian court on Tuesday fined TikTok for failing to delete LGBT material, the country's latest crackdown on Big Tech companies.
The Tagansky District Court in Moscow issued the 3 million ruble ($50,000) penalty to the short-video sharing platform following a complaint by Russian regulators.
TikTok, which is owned by China’s ByteDance Ltd., didn't immediately respond to a request for comment.
According to the case file, state communications regulator Roskomnadzor complained about a video published on the platform earlier this year that breaches Russian laws against promoting "LGBT, radical feminism and a distorted view on traditional sexual relations.”
The Russian government has been stepping up efforts to enforce greater control over the internet and social media.
Earlier this year, a court fined chat service WhatsApp and disappearing message platform Snapchat for failing to store Russian users’ data on local servers, following complaints by Roskomnadzor.
Music streaming service Spotify and Match Group, which owns dating app Tinder, also have been hit by Russian fines.
Before you consider Match Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Match Group wasn't on the list.
While Match Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
