Who Gained From Twitter's Conflict With Indian Government?

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  • Bloomberg reports that India's Twitter Inc TWTR equivalent, Koo, user base has crossed the 100 million mark, narrowing its gap with the U.S. counterpart, which remains embroiled in a clash with the Indian government.
  • Around 85% of Koo's users joined since February when Twitter's disputes with the government escalated. Government ministers, opposition politicians, cricket stars, and Bollywood celebrities have since begun posting in Indian languages on Koo.
  • Koo allows users to send tweet-like posts in English and seven Indian languages.
  • Twitter which had 17.5 million monthly users earlier this year in India, complied with the new government rules this month after appointing new India-based executives, including one to handle compliance.
  • Price Action: TWTR shares traded lower by 0.07% at $63.39 in the premarket session on the last check Monday.
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