After the outbreak of the Russia-Ukraine conflict, many companies quickly distanced themselves from Russia, but Russia has also taken some countermeasures.The latest news is that following Russia cut ties with Facebook, the social networking giant is pulling all in the country while refusing to run new marketing content.Facebook said on Friday that it will suspend Russia-related due to the current difficulties in its operations in Russia, and that advertisers in the country will not be able to continue producing or to other market areas.
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Earlier on Friday, Russia’s technology and communications regulator Roskomnadzor said it had finally made the decision to formally block Facebook following regarding a week of restricted access.
It is reported that Facebook did not provide an updated response later on Friday, despite claims that it was maintaining the availability of its services “as much as possible.”
However, it is widely speculated that this move will not have much impact on the revenue of Facebook (now Meta Platforms).
For example, Wedbush Securities analysts recently pointed out that even in the worst case, the US technology industry’s revenue expectations will only fluctuate by 1 to 2 percentage points.
