Riot Platforms Rises 1.13 as Nepal Protests Over Social Media Ban Drive 195th-Ranked Trading Volume of $570 Million
, 2025, , ranking 195th in market activity. The stock’s performance coincided with global attention on Nepal’s social media ban and subsequent protests, . The Nepalese government imposed a curfew and deployed tear gas, rubber bullets, and water cannons to disperse crowds protesting a ban on 26 unregistered platforms, including Facebook and WhatsApp. The crisis escalated after authorities cited non-compliance with registration requirements, though critics argued the move suppressed dissent and violated constitutional freedoms.
Prime Minister later reversed the ban amid mounting public outrage and political pressure, including the resignation of Home Minister . The government attributed the unrest to “unwanted elements” infiltrating protests but acknowledged the need to regulate platforms to prevent misuse. Analysts noted the incident highlighted risks for tech firms operating in regions with volatile regulatory environments. The protests, driven by youth dissatisfaction over corruption and censorship, underscored the broader geopolitical tensions between digital rights and state control, potentially influencing investor sentiment toward companies reliant on global social media ecosystems.
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