Pause operations: company temporarily curtailing operations while keeping return options open

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Meta Platforms, Inc., formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook, Instagram, and WhatsApp, among other products and services.

Pause operations: company temporarily curtailing operations while keeping return options open

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Glob.Revenue, mln.USD
116609
The Company Statement
May 26, 2023

Sanctions against the Russian media. Russia in 2021 demanded that 13 firms, mostly U.S. technology companies such as Alphabet's (GOOGL.O) Google, Meta Platforms' (META.O) Facebook, Apple (AAPL.O) and Twitter become officially represented on Russian soil by the end of the year or face restrictions on advertising, data collection or money transfers. Moscow's subsequent invasion of Ukraine intensified Russia's disputes with Big Tech, ultimately leading to Twitter, Facebook and others being banned from the market. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.

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