Facebook's advertising crisis shows CEOs are heeding calls for equity - Business Insider

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The great a-woke-ning: Mark Zuckerberg's $8 billion dip in net worth from the Facebook ad boycott shows corporate America is finally listening to calls for racial justice

, show that the summer of 2020 is bearing witness to a reckoning with racism that appears to be producing and effecting material business outcomes.

"What began as a global health crisis became a humanitarian crisis, and then it quickly exploded into an unemployment and an economic crisis. But it also became a moral crisis," Seidman told Business Insider. We were all forced to deal with profound dilemmas: "How do we balance lives and livelihoods?" he asked. "Who's impacted disproportionately and how?"

Business leaders, some of whom had to make the decision themselves to lay people off, couldn't help but notice these inequalities, he said.While socially isolating to stop the spread of the coronavirus, everyone had more time to tune into the news, said diversity strategist and author Lenora Billings-Harris. "We have been perhaps paying more attention to the media than we would on a normal day. So we're all seeing more," she said.

 

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no

Interesting article but I dint think if FB lost anything. Some investors are blindly buying FB stock for an extremely overvalued price, yet generating more for FB.....

What is Facebook doing that is against racial justice? It’s amazing to watch the propaganda and false narratives unfold before an election.

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