Title: Why Advertisers Are Boycotting Facebook - The New York Times
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Content: Why Advertisers Are Boycotting Facebook - The New York Times
https://www.nytimes.com/2020/06/29/business/dealbook/facebook-boycott-ads.html
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All the Companies Quitting Facebook
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Published June 29, 2020 Updated July 7, 2020
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A boycott of advertisers on social media is gaining momentum, and Facebook is the primary target. Marketers are expressing unease with how it handles misinformation and hate speech, including its permissive approach to problematic posts by President Trump. Who’s doing what. The boycotts have followed a call by the advocacy group Stop Hate for Profit, which is keeping a running list of participating companies. Over the weekend, Starbucks and Diageo said they would pause advertising on all social media platforms. They’re among the biggest spenders on Facebook ads: Starbucks spent $95 million and Diageo $23 spent million on the platform last year. Other companies have boycotted Facebook specifically, including Honda America, Levi Strauss and Patagonia.