Amazon, Alibaba, Others Miss Registration Deadline In Indonesia: Bloomberg

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