In This Article:
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Companies including Amazon.com Inc (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) missed a deadline to register in Indonesia, Bloomberg reports.
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Other companies missing the deadline included Roblox Corp (NYSE: RBLX), Microsoft Corp (NASDAQ: MSFT) LinkedIn Corp, and PayPal Holdings, Inc (NASDAQ: PYPL).
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The companies have five working days to comply to help them continue their services in the country.
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The non-submission of official business registrations by the non-compliers grants Indonesia sweeping powers to shut down content it deems undesirable and tax digital sales.
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Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Meta Platforms Inc's (NASDAQ: META) Facebook have complied.
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Social media operators are amid intense scrutiny from global regulators over their growing influence.
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Indonesia's government can rightfully block services that fail to remove within 24 hours content that could potentially "incite unrest" or "disturb public order."
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Alibaba and Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust penalties following its sweeping crackdown on the domestic tech sector.
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Price Action: AMZN shares traded lower by 0.43% at $124.10 in the premarket on the last check Friday.
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