Facebook (FB) Will Still Be Blocked in China
Tweet
Share
E-mail
Get Alerts FB Hot Sheet
Join SI Premium – FREE
Facebook (Nasdaq: FB) is on watch Wednesday following reports that a ban in China would be lifted to access the site might have been incorrect.
Citing China's People's Daily, Bloomberg said reports that Shanghai's free trade zone wold lift the ban are incorrect. The rules in the zone aren't expected to change, sources said. In addition, ideological content won't be included under free-trade zone rules.
Along with Facebook, speculation had Twitter and the New York Times as other sites which may have been included, though it might be expected that a ban will remain on those sites as well.
Shares of Facebook are up in early trading.
Citing China's People's Daily, Bloomberg said reports that Shanghai's free trade zone wold lift the ban are incorrect. The rules in the zone aren't expected to change, sources said. In addition, ideological content won't be included under free-trade zone rules.
Along with Facebook, speculation had Twitter and the New York Times as other sites which may have been included, though it might be expected that a ban will remain on those sites as well.
Shares of Facebook are up in early trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hyundai Motor America names Steven Yandura VP of national sales
- Intellicheck added to Russell 2000 and Russell 3000 indexes
- Beazer Homes closes $400M senior notes offering due 2032
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
