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FACEBOOK INC

(FB)
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Facebook : Russia opens case against WhatsApp for violating personal data law

07/30/2021 | 10:40am EDT
FILE PHOTO: The WhatsApp messaging application is seen on a phone screen

MOSCOW (Reuters) - Russia on Friday launched administrative proceedings against Facebook's WhatsApp for what it said was a failure to localise data of Russian users on Russian territory, the Interfax news agency reported.

There was no immediate comment from Facebook.

A day earlier, a Russian court fined Alphabet Inc.'s Google 3 million roubles for violating personal data legislation and registered administrative proceedings against Facebook and Twitter for the same offence.

The cases are part of a wider spat between Russia and Big Tech, with Moscow routinely fining social media giants for failing to remove banned content and seeking to compel foreign tech firms to open offices in Russia.

WhatsApp could be fined between 1 million and 6 million roubles ($13,700 to $82,250), Interfax reported, citing court documents. A court date has not yet been set.

($1 = 72.9350 roubles)

(Reporting by Alexander Marrow; Editing by Alison Williams)


© Reuters 2021
Stocks mentioned in the article
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ALPHABET INC. -1.30% 2850.95 Delayed Quote.64.81%
FACEBOOK INC -1.03% 369.92 Delayed Quote.36.89%
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Analyst Recommendations on FACEBOOK INC
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Financials (USD)
Sales 2021 120 B - -
Net income 2021 40 634 M - -
Net cash 2021 79 290 M - -
P/E ratio 2021 26,4x
Yield 2021 -
Capitalization 1 054 B 1 054 B -
EV / Sales 2021 8,16x
EV / Sales 2022 6,63x
Nbr of Employees 63 404
Free-Float 84,0%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 373,92 $
Average target price 415,96 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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