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What will be the total economic impact of the Instagram ban in Turkey by the end of 2024?
1
Resolution / Starting Odds
Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $200 million • 25%
More than $200 million • 25%
Economic reports released by Turkish government or independent economic research firms
Story
Turkey to Lift Instagram Ban After Compliance Agreement, $11.5 Million Daily Economic Impact
Aug 10, 2024, 06:15 PM
Turkey has decided to lift its ban on Instagram after the social media platform agreed to comply with government demands on censorship and content. The ban, which lasted for eight days, was initially imposed following Instagram's removal of messages of condolences for the killing of a Hamas leader. The blockage had significant economic implications, reportedly costing Turkey $11.5 million daily, and affected millions of users, including female entrepreneurs who rely on the platform for business. Turkey ranks fifth globally in Instagram usage, with 57 million users. The decision to restore access was confirmed by Turkish authorities and Meta after negotiations.
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Similar markets
Ban lifted • 25%
Ban remains • 25%
Partial lift • 25%
Other • 25%
Instagram reinstates posts • 25%
Instagram issues an apology • 25%
No change from Instagram • 25%
Other outcome • 25%
Issue a public apology • 25%
Reinstate the removed posts • 25%
Take no action • 25%
Other • 25%
Facebook • 25%
Twitter • 25%
TikTok • 25%
Other • 25%
Debt increases • 25%
Debt decreases • 25%
Debt remains the same • 25%
Other outcome • 25%
No significant impact • 25%
Minor negative impact • 25%
Major negative impact • 25%
Positive impact • 25%
Yes • 50%
No • 50%
Less than 1 month • 25%
1 to 3 months • 25%
3 to 6 months • 25%
More than 6 months • 25%
Instagram complies with Turkey's demands • 25%
Turkey lifts the ban without compliance • 25%
Ban remains in place • 25%
Other resolution • 25%
User base significantly decreases • 25%
User base remains stable • 25%
User base increases • 25%
Insufficient data available • 25%