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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…
byAnusuya Lahiri
August 23, 2021
1 minute read
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  • Ethiopia has begun developing its domestic social media presence without external help in a government bid to replace Facebook Inc (NASDAQ:FB), WhatsApp, and Twitter Inc (NYSE:TWTR), Reuters 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 (NASDAQ: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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