Why Facebook, Twitter, Zoom Are At Risk Of Losing Users?

  • Ethiopia has begun developing its domestic social media presence without external help in a government bid to replace Facebook Inc FB, WhatsApp, and Twitter Inc TWTRReuters reported.
  • However, the country does not plan to block popular social media services. 
  • Director general of the Information Network Security Agency (INSA), Shumete Gizaw, accused Facebook of deleting posts and user accounts, allegedly repressing Ethiopia's reality.
  • Ethiopia's armed conflict pitted the federal government against the Tigray People's Liberation Front (TPLF), leading to a social media outburst from both ends. 
  • Ethiopia reportedly completed a trial to replace WhatsApp and  Zoom Video Communications Inc ZM.
  • Ethiopia, a country of about 115 million, has nearly 6 million Facebook users.
  • Price Action: FB shares closed higher by 1.11% at $363.35 on Monday.
  • Photo by Firmbee from Pixabay
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