New Delhi. According to the big news of the morning, Russia has now included Instagram and Facebook’s parent company Meta in its list of terrorist organizations. In this regard, C officials say that the said platforms are spreading propaganda against Russia. Significantly, Putin had banned Facebook and Instagram in March itself.
Be aware that Facebook (now meta platforms) is now getting a tough competition from platforms like Tiktok and YouTube. Yes, users from this 18-year-old company are now seen shifting towards Tiktok and YouTube as well. Due to this the revenue of the company has been badly affected. Also, the company’s shares have fallen drastically in the same year. This has also affected the net worth of Meta CEO Zuckerberg.
Along with this, the quarterly reports of the company this year have also not been very good. Now the condition is that for the first time in Facebook, there has been a situation of layoff. Zuckerberg has also hinted at laying off employees. Be aware that the company had also stopped hiring engineers and data scientists in May itself. At the same time, in July, Zuckerberg had clearly told the employees that the next 18 to 24 months could be challenging for them.