THE Securities and Exchange Commission (SEC) en banc has effectively ordered the closure of news website Rappler by revoking its registration.

In a ruling issued Thursday, January 11, the commission en banc said Rappler Inc. and its parent Rappler Holdings Corp. sold control to foreigners, thus violating the constitutional and statutory foreign equity restrictions in mass media.

Securities and Exchange Commission revokes Rappler Inc.'s registration by Sun.Star Philippine news on Scribd