Nina Agdal: Facebook is Dying as Russia finds Meta guilty of Terrorism & Buzzfeed says folks are running away from Facebook like plague

• Moscow court says Meta engaged in ‘extremist activity’
• Facebook, Instagram already banned in Russia
• Prosecutors, court say WhatsApp will not be affected
• Lawmaker says Meta can return if it sticks to Russia’s terms

March 21 (Reuters) – A Moscow court said on Monday that Meta was guilty of “extremist activity”, but the ruling will not affect its WhatsApp messenger service, focusing on the U.S. firm’s already-banned Facebook and Instagram social networks.

Meta did not respond to requests for comment after Moscow’s Tverskoi District Court said in a press statement that it had upheld a lawsuit filed by state prosecutors on banning the company’s activities on Russian territory… More

• BuzzFeed’s earnings call Tuesday morning pointed to a continuing theme in tech: consumers are moving away from Meta’s Facebook.
• “At this point in the quarter, we continue to see audiences spending less time on Facebook,” BuzzFeed CFO Felicia DellaFortuna said in her remarks.
• It comes after Meta reported Facebook daily active users were down slightly this past quarter at 1.93 billion, marking its first ever quarterly decline. The decline of about 500,000 could mean that Facebook has saturated its product globally and the ability to add loads of users has peaked.

BuzzFeed’s earnings call Tuesday morning pointed to a continuing theme in tech: consumers are moving away from Meta’s Facebook.

“At this point in the quarter, we continue to see audiences spending less time on Facebook,” BuzzFeed CFO Felicia DellaFortuna said in her remarks.

It comes after Meta reported Facebook daily active users were down slightly this past quarter at 1.93 billion, marking its first ever quarterly decline. The decline of about 500,000 could mean that Facebook has saturated its product globally and the ability to add loads of users has peaked.