How will the Russian war against global media affect Twitter?

How will the Russian war against global media affect Twitter?

What?

On Wednesday, Russia’s department of communications control Roskomnadzor slowed down Twitter’s speed. The move came after the platform did not remove the content prohibited in Russia. According to Russia’s watchdog, Twitter did not delete more than 3000 posts with illegal content. Those posts contain information from opposition allies of Alexei Navalny, who was jailed last month.

What’s next?

The Russian government has already threatened the US social media platforms with big fines if sites fail to delete banned content. Another bill allows the country’s regulators to restrict foreign websites if they are accused of discrimination against Russian media. Interestingly enough, several Russian government sites, Youtube, Google, and Russian telecommunications provider Rostelecom experienced problems after the restriction of Twitter.

What does it mean for the stock market?

Russians represent a big and important part of the Internet community. If social media platforms are banned or restricted in Russia, it will not only hurt the investment potential of the country, but also affect the operations of Facebook, Twitter, and Google. If it happens, the outcome will have a negative impact on the performance of their stocks.

If we look at the chart of Twitter’s stock, we can see that its price recovered yesterday after a 5-day slump. The resistance lies at the consolidation area of 74.8. If the stock goes down, it will likely break the 63.4 level and target the support at 58.9.

TWTRDaily.png

By the way, you can trade Twitter with FBS Trader! 

photo5350536791704319190 (1).jpg

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area (an account in FBS Trader).
  3. Start trading!

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera