Facebook Inc. (NASDAQ:FB) has grown to a user base that is close to the total population of the developing, emerging country of India. But it seems that Facebook, in its open Internet approach, has apparently offended he sensibilities of the India legal system, and the company is on a list of U.S. Web sites that will be asked to speak about its business model in an India court.
Facebook Inc. (NASDAQ:FB) and Google Inc. (NASDAQ:GOOG) are among 11 U.S. Web sites which are slated to receive summonses from an India court requesting presence regarding a case brought by Vinay Rai, who alleges these Web sites for “promoting class enmity and undermining national integrity” – which apparently includes the selling of “obscene materials” and “hatching criminal conspiracy.” No other details were immediately available in regards to the complaint or the allegations.
The court proceeding involving this case is due to continue in April. A couple weeks ago, the court sent out notices of summons to 21 social media sites – not including Facebook Inc. (NASDAQ:FB), apparently – regarding these same allegations.
About an hour in Tuesday’s trading day, Facebook Inc. (NASDAQ:FB) stock was down slightly from the open to $29.25 per share.
What are your thoughts about Facebook Inc. (NASDAQ:FB) and its prospects in 2013? Feel free to leave your comments below, or start a discussion about your position on Facebook.
DISCLOSURE: I own no positions in any stock mentioned above.
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