Some advertisers are quitting Facebook, chiding the company's 'despicable business model'

On Dec. 19, David Heinemeier Hansson quit Facebook and Instagram. It was a decision he made alongside his business partners at software company Basecamp.

Investors are showing their forgiveness, sending the shares up 31 percent so far this year, though the stock is still well off its record high reached in July. Daily active users rose 9 percent in the fourth quarter from a year earlier to 1.52 billion. And eMarketer sees Facebook actually picking up some market share this year in the U.S., capturing 22.1 percent of digital ad spending, up from 21.8 percent in 2018.

"That made me realize that as far as I can tell they don't seem to have an internal moral compass besides doing what they're required to by law," Fox said."The least I can do is just not give them any money." "These are businesses that are reaching audiences they want to reach," said Sheryl Sandberg, Facebook's operating chief, at a conference in San Francisco in February."If you're a small business, you can't buy a TV ad even in a city and you can't put up a billboard and you can't buy a big newspaper banner. It's really the democratization of access that that technology allows.

LegalAdvice.com, a New York-based legal expert service run by attorneys and brothers David and Matthew Reischer, stopped buying Facebook ads last April, after previously spending $10,000 to 15,000 a year on them. Like User Camp, the brothers were offended by the Cambridge Analytica story. "I'm happy to say the performance of our organization didn't wane based on our decision," Kaykas-Wolff said."When we made the decision, we knew we'd have to work harder because Facebook had been a high performing channel."

Fake news

Not very many from the increases they show in advertising. Most companies are more concerned about selling their products.

Am about 1/2 step from totally deleting my account with Facebook....you can't scroll three or four posts before you get another ad about something totally unrelated to you. They say that these ads are because of where I have looked etc. I call it a total invasion of privacy.

All you guys are shorting?

I spend a few minutes every other day blocking paid sponsors on $FB. Been doing it for a few months now... curious to see what the bottom of the sponsor barrel looks like.

The beginning of the end for FB!

Yeah, they’re revenues certainly reflect it... oh wait. This is like the guy who quit selling Nike’s and his business went under. Numbers talk. Believe it when I see it. Until someone can offer advertisers better ROI on ad spend they’re not going away.

About time.

short Facebook long decentralized social media

I quit FB years ago

hell, I havent logged onto that shit site in 2 months

I bet that's gonna burn some circuits under Zucc's body.

Yet it's users carry on sharing all their political bullshit and cat pictures not understanding why Facebook is still in business.

Advertisers should be quitting Fox News if they had a moral fiber in them.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Warren Buffett's model for aspiring business managers — a retail legend known as 'Mrs. B'The billionaire investor says Rose Blumkin, founder of Nebraska Furniture Mart, was a 'marvelous, marvelous woman' with an 'incredible story.'
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Facebook's crypto team reportedly works in office off-limits to other company employeesFacebook is keeping its cryptocurrency plans under wraps, even to other company employees, according to a New York Times report. Well there the problem.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Facebook’s Mark Zuckerberg says he’ll reorient the company towards encryption and privacyZuckerberg outlined a shift in the company’s focus to people communicating with smaller groups and content disappearing after a short period D E L E T E F A C E B O O K
แหล่ง: washingtonpost - 🏆 95. / 72 อ่านเพิ่มเติม »

Facebook Sues Chinese Companies for Creating Fake AccountsFacebook and Instagram sued four companies and three people based in China for creating and selling fake accounts, likes and followers, according to a posting on the social media giant’s website. Just China? They helped Cambridge Analytica do it for cripes sake! It's interesting to see the Chinese gov't not allowing its people to use fb and ig, but allowing companies to sell fake likes and followers 🤣🤣🤣🤣🤣🤣🤣
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »

Ferrari's newest supercar comes with a throwback feature that evokes one of the company's most iconic modelsThe Ferrari F8 Tributo replaces the 488 GTB and will officially debut at the Geneva motor show in March.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Apple CEO Tim Cook hit out at companies like Facebook again: Anything that collects personal data and uses it against customers ‘should not exist’Apple CEO Tim Cook again called for new regulations that would rein in the data collection practices of Facebook and other companies. Dont they do the same shit?! Then Apple would have never made the iPhone or IPad. This is also why siri sucks compared to Google Assistant The US government even will spy on us for God's sake 😁
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Facebook and Instagram launch their first lawsuit over fake accounts and likes from Chinese companies, following legal concernsFacebook and Instagram have filed their first lawsuit over fake accounts, likes and followers from four companies and three people based in China.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Alibaba's opening an online store with Office Depot, as the 2 companies work to beat out Amazon as a 'trusted, friendly' option for American small businessesOffice Depot and Alibaba are launching an online store aimed at American small business owners, as well as collaborating on revamped B2B services. Shows how out to touch officedepot is. The fact they think anyone would be willing to switch cause they partnered with a Chinese communist company is hilarious
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »