Levis is the latest to boycott Facebook Advertising but the damage is expanding to Zuckerberg?s Philanthropy
It?s not just brands like Levis leaving Facebook, Zuckerberg?s own staff are having second thoughts about his personal values and how it affects his philanthropy
The post Levis is the latest to boycott Facebook Advertising but the damage is expanding to Zuckerberg’s Philanthropy appeared first on LUXUO.
Facebook?s crisis has been a long time in the making. The advertising boycott against Facebook is gaining momentum, with global brands from Lego to Levis joining food & beverage brands like Starbucks and Diageo in a wave of monumental proportions to put pressure on the social network to deal with hate speech in a way that capitalist conglomerates know how – money.
According to The New York Times, advertising makes up 98 percent of Facebook?s revenue and in recent weeks, over 400 companies have pulled advertising from the social media giant. In addition to Levis, Addidas, Reebok and Coca-Cola are among the brands which suspended Facebook advertising with immediate effect for the month of July while others are pledged to stay off the platform for 2020, some indefinitely.
Levis is the latest to boycott Facebook Advertising but the damage is expanding to Zuckerberg’s Philanthropy
?When we re-engage will depend on Facebook?s response,? Levi Strauss CMO Jen Sey
Much of the current controversy came from Facebook’s refusal to remove a post from US President Donald Trump, which said: “When the looting starts, the shooting starts,” in refe...
The post Levis is the latest to boycott Facebook Advertising but the damage is expanding to Zuckerberg’s Philanthropy appeared first on LUXUO.
Facebook?s crisis has been a long time in the making. The advertising boycott against Facebook is gaining momentum, with global brands from Lego to Levis joining food & beverage brands like Starbucks and Diageo in a wave of monumental proportions to put pressure on the social network to deal with hate speech in a way that capitalist conglomerates know how – money.
According to The New York Times, advertising makes up 98 percent of Facebook?s revenue and in recent weeks, over 400 companies have pulled advertising from the social media giant. In addition to Levis, Addidas, Reebok and Coca-Cola are among the brands which suspended Facebook advertising with immediate effect for the month of July while others are pledged to stay off the platform for 2020, some indefinitely.
Levis is the latest to boycott Facebook Advertising but the damage is expanding to Zuckerberg’s Philanthropy
?When we re-engage will depend on Facebook?s response,? Levi Strauss CMO Jen Sey
Much of the current controversy came from Facebook’s refusal to remove a post from US President Donald Trump, which said: “When the looting starts, the shooting starts,” in refe...
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