Back to top

Image: Bigstock

Here's Why Russia Oficially Blacklisted LinkedIn

Read MoreHide Full Article

On Thursday, it became known that Russia’s communications regulator Roskomnadzor has officially banned professional social networking platform LinkedIn LNKD because the company did not comply with personal data storage regulations. Roskomnadzor released a short statement, in Russian, on their site regarding the ban.

LinkedIn is now inaccessible from Russia. According to CNN, the company has apparently violated a rule that requires data on Russian citizens to be stored on servers inside the country. This law came into effect in September 2015, and LinkedIn was previously sued for its failure to comply earlier this year, losing both the case and the appeal in Moscow.

“LinkedIn’s vision is to create economic opportunity for the entire global workforce. We are starting to hear from members in Russia that they can no longer access LinkedIn,” said a company spokesperson to TechCrunch.

“Roskomnadzor’s action to block LinkedIn denies access to the millions of members we have in Russia and the companies that use LinkedIn to grow their businesses. We remain interested in a meeting with Roskomnadzor to discuss their data localization request,” they continued.

While it’s unclear what LinkedIn plans to do to get its site back up and running in Russia, the company may want to look at its previous actions in China. TechCrunch notes that LinkedIn had to basically build a different site, where data was hosted inside the country, in order to meet Chinese regulatory approval.

Other social media giants like Facebook FB and Twitter (TWTR - Free Report) are both currently accessible in Russia, but their data seems to be stored outside of Russia and have faced no repercussions so far. iPhone maker Apple Inc. AAPL and Alphabet Inc.’s GOOGL Google division have reportedly complied with the 2015 law.

Stocks that Aren't in the News…Yet

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Twitter, Inc. (TWTR) - free report >>