Shares of dating app company Momo fell on Friday after announcing it would temporarily shut down the social newsfeed on its platform for a month amid tightening government scrutiny.

In an announcement posted late Friday on its platform of the same name, Momo said users are restricted from posting on the location-based social newsfeed until June 11. The Nasdaq-listed company is taking measures with strengthened content screening efforts “to establish a more healthy and orderly social networking space” (our translation).

Momo saw its share price fall 10.3% to $28.97 by market close Friday following the announcement. A company spokeswoman declined to comment when contacted by TechNode on Monday.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen