Russia Partially Pauses Disciplinary Twitter Slowdown, Issues Similar Warning To Facebook, YouTube: Reuters

• Russia has partly paused a retaliatory slowdown of Twitter Inc (NYSE: TWTR) after the social media company complied with the country's regulations and deleted the content deemed illegal by Moscow, Reuters reports.

• Russia has also issued a warning about similar penalties for non-compliance by other U.S. internet platforms, including Facebook Inc (NASDAQ: FB) and Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube.

• State communications watchdog, Roskomnadzor had slowed down the Twitter speed since March for non-compliance of deleting inappropriate content. The watchdog also talked about the possibility of a permanent ban.

• Twitter started taking action in late April, albeit with a delay.

• Roskomnadzor no longer planned to block the service. However, the slowdown will continue on mobile devices.

• Since March, Twitter had removed 91% of banned content with only 563 of the blocked items accessible, down from almost 6,000 in total.

• Price action: TWTR shares traded higher by 1.56% at $52.54 on the last check Monday.

See more from Benzinga

• Click here for options trades from Benzinga

• Alphabet, Facebook Shares Decline On Citi Rating Downgrade Over Ad Revenue Growth Concerns: Bloomberg

• Twitter Acquires News Site Ad Blocker Service Scroll For Undisclosed Sum

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.