Companies

Ukraine Reports New Drone Offensives by Russia in Multiple Regions

Published November 20, 2023

The conflict in Eastern Europe has intensified with Ukraine’s military officials reporting a fresh wave of aerial drone attacks orchestrated by Russia. The strikes, involving 20 Iranian-made Shahed drones, targeted the Kyiv, Poltava and Cherkasy regions. Despite the aggression, Ukraine claims its defense systems have successfully intercepted and shot down 15 of the drones overnight. This marks an escalation as the Ukrainian capital Kyiv had seen a period of relative calm in recent weeks before these latest assaults.

Impact on Social Media Giant

While the military and geopolitical ramifications are immediate, such conflicts also have indirect effects on global businesses and markets. Meta Platforms, Inc. META, known for facilitating global connectivity through social media and technology, is based in Menlo Park, California. The company develops a range of products allowing users to connect via mobile devices, PCs, virtual reality headsets, wearables, and home devices. While not directly implicated in the conflict, companies like META can experience stock volatility in face of global events that impact market sentiments.

Ukraine, Russia, Drone