Facebook, Twitter shares drop as firm behind Dove, Ben & Jerrys pulls adss
Read more about Facebook, Twitter shares drop as firm behind Dove, Ben & Jerry's pulls ads on Business-standard. Shares of Facebook and Twitter dropped sharply Friday after the the giant company behind brands such as Ben & Jerry's ice cream and Dove soap said it will halt U.S. advertising on Facebook, Twitter and Instagram through at least the end of the year. That European consumer-product maker, Unilever, said it took the move to protest the amount of hate speech online. Unilever said the polarized atmosphere in the United States ahead of November's presidential election placed responsibility on brands to act. Shares of both Facebook and Twitter fell roughly 7% following Unilever's announcement. The company, which is based in the Netherlands and Britain, joins a raft of other advertisers pulling back from online platforms. Facebook in particular has been the target of an escalating movement to withhold advertising dollars to pressure it to do more to prevent racist and violent content from being shared on
27 Jun 2020 ... Read more about Facebook, Twitter shares drop as firm behind Dove, Ben & Jerry's pulls ads on Business-standard. Shares of Facebook and ...