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FACEBOOK INC

(FB)
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Facebook : Russian court sends bailiffs to enforce collection of more unpaid Facebook fines

10/21/2021 | 01:58pm EST

MOSCOW, Oct 21 (Reuters) - A Moscow court on Thursday said it had sent state bailiffs to enforce the collection of 17 million roubles ($238,845) in fines imposed on U.S. social media giant Facebook for failing to delete content that Russia deems illegal.

Moscow's Tagansky District Court issued the order over four fines that Facebook has not paid, the court said in a statement, the second time this month it has sought the assistance of bailiffs in bringing Facebook to heel.

The court said Facebook, which did not immediately respond to a request for comment, had on Thursday asked for more time before the ruling is enforced, citing technical problems.

State communications regulator Roskomnadzor says fines totalling around 70 million roubles have been imposed on Facebook this year, but that the company has not paid any, highlighting the challenges Moscow faces in cracking down on foreign tech giants.

Roskomnadzor is now seeking to impose a much bigger fine on Facebook that would total 5-10% of the company's annual turnover in Russia due to what it says are repeated legal violations.

On Tuesday, Roskomnadzor said it would seek to fine Google a similar percentage of its annual Russian turnover for the same content violations. ($1 = 71.1758 roubles) (Reporting by Alexander Marrow; Editing by Angus MacSwan)


© Reuters 2021
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Analyst Recommendations on FACEBOOK INC
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Financials (USD)
Sales 2021 118 B - -
Net income 2021 39 871 M - -
Net cash 2021 69 121 M - -
P/E ratio 2021 24,0x
Yield 2021 -
Capitalization 927 B 927 B -
EV / Sales 2021 7,29x
EV / Sales 2022 6,03x
Nbr of Employees 68 177
Free-Float 84,5%
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Mean consensus BUY
Number of Analysts 52
Last Close Price 333,12 $
Average target price 403,70 $
Spread / Average Target 21,2%
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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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