Facebook's share price sank 8% on Friday, wiping an estimated $7 billion off CEO Mark Zuckerberg's fortune.including Unilever, Coca-Cola, Ben & Jerry's, and many others pause their ad spend in protest at the way the firm moderates hate speech.
Zuckerberg's net wealth is down by $7.21 billion as of Saturday, while Facebook's share price dropped more than 8% at the close of Friday trading, as the ad boycott snowballs. Coca-Cola chief executive James Quincey said on Friday that the company would halt all social media ads for 30 days while it rethinks its policies.Quincey wrote on Coca-Cola's site
A woman holds a placard depicting George Floyd's face and reading "I can't breathe" in Bordeaux, France, on June 9, 2020The #StopHateforProfit campaign launched on June 19 in the wake ofat the hands of Minneapolis police officers and the subsequent worldwide protests. It was triggered by Facebook's refusal to remove a post by President Donald Trump, which threatened the protesters with violence.
How much does coca-cola spend on marketing
I’m taking a 30 day break from Facebook too.
I may finally like CocaCola for the first time in ages. Now, CocaCola, how about a simple act of integrity by overhauling the false info on owned products including the 'cheap shot' false advertising/misrepresentation of servings per container.
EVERYTIME you ban me from Facebook YOU LOSE BILLIONS!!! Ban me again, BOY. One day we WILL meet face to face. You're NOT going to like it. You are anti American and a TRAITOR. College DROPOUT punk!! I'm an AMERICAN PATRIOT!!!
Hello..sir..this is right time to launch a short video app in India.....your app Collab..should be launched in India...by the name..Hello ji..in Indian version
The new police officer of Facebook!!!! 🤦🏻♂️
Mark, Is there anyway that when our president, senators, house of rep use your platform that they can be held to a higher standard of truth because they have responsibilities to the people of the United States. They should not be allowed to spread lies.
Couldn’t happen to a better person. That’s what he gets for selling out to Trump.
mistressmatisse DeleteFacebook
And yous all follow him you made your accont there yous are all hippocrits
Good. Couldn’t happen to a greedier person.
BistyCSRoss Fuk Zuk and TraitorBook
Ha,Ha,Ha, Mark is a sorry POS anyways
Boom in his mouth
Oh poor baby!
Not just for 30 days though, FOREVER!!!!!!!
Would be nice if other companies followed suit and boycott Fox News too.
Coca-Cola who produces a carcinogenic drink for millions of people per day all of a sudden has a conscience?
Boo hoo!
Wow, think about how much more we consumers pay for products and services so wealthy people like Zukerberg can spend and hoard billions in wealth.
Facebook quickly becoming MySpace 🤣
Good!!! 😂🤣🤣🤣✊🏽
Will he even notice tho?
TrueFactsStated So is Coke now sponsoring ads on Parler? It says a halt to social media, but is that just a pause button while they change platforms?
Good, but 30 days isn't nearly long enough. CocaColaCo CocaCola
Let's start a gofundme
Another big drinks company called a halt today.
Wait till you see Monday mornings opening drop. $FB
TrueFactsStated
TrueFactsStated I’m gonna drink more Coca Cola just for that reason alone!!
Just goes to show you that ignorant, immature babies don’t deserve to have that kind of money and power.
TrueFactsStated F**k Facebook.
Cynthia61890872 ThankYou CocaCola
TrueFactsStated This is 8% of his net worth. And even stating it in those terms is misleading. This loss of net worth for him is truly meaningless. It is in fact not even noticeable outside of a number on his computer screen.
Coca Cola soon will be banned.
TrueFactsStated Does anyone think he noticed a $7 billion drop in his net worth? $7 billion = 8% of WHAT?
He's still a billionaire, so there's that.
TrueFactsStated Oh-that was just the first of three downers to come.
Feel good story of the week.
TrueFactsStated
TrueFactsStated Now do the rest of his fortune. deletefacebook
This makes me wanna go buy coke!
Good for Coke, but that can't be how money works...
Maybe Mnuchin will approve a PPP loan for him so he can buy groceries.
Does anyone have a link to Mark Zuckerberg's Go Fund Me Page?
Wow Coke spends $7 billion on advertising with Facebook and Twitter?
Why would any fucken body pay advertisements to this criminal zionisist spying fucken media
Announcement made on the scope of Facebook advertisment. .Thanks Mr. Zuckberg and staff who already took punches about your losing billions ...your perspectives and decisions are saving many lives. This is a bigger gain .
What could MarkZuckerberg buy with $76 billion that he couldn't buy with $68 billion. DeleteFacebook TooRich
Whole family deleted their accounts. The more people leave, the less revenue he has since most of his fortune is in company stock. Drive the stock price down.
SAI Time ro go after all of the advertisers on FB and Fox and boycott their products unti they pull their ads....
More money more problems.
Don't downgrade yourself your dream of becoming successful at 25yrs can still come true, your wedding plans before the end of the year can still be assured and successful I can assure you of making good returns via bitcoin investment. Just write me now?
BudGothmog44 Hope this trend escalates.
That's the way to hit these Globalists where it hurts, in their pockets!
Social media is nearing extinction. Covid-19 has attacked our social being. Apart from polarizing people social media has done nothing good to humanity.
YAY! CocaCola
Oh know...
Yes taking away freedom of speech is what the left loves
Under-lying issues. (Ice bucket challenge isnt the same) be loyal to the game.
Good job CocaCola
Thank you to CocaCola and unileverusa Unilever 👏🏼👏🏼
I hope all advertiser leave Facebook
SAI Big deal.... for both Twitter and Facebook
I think he'll be okay
now I bet a few of them have wished that they had went with the ' town square' model of social media. more toxic? maybe but they could have washed their hands of all that policing....
Ah, cancel culture: making America Marxist.
Now all of a sudden he has a social conscious. 🤔
MsMariaT I HOPE the fucker goes BROKE!!!
FB the most useless software on the planet.
Heartbreaking 🤣🤣🤣
That's more than the entire gdp of Tajikistan.
Water + a lot of sugar ... great less diabetic ppl in the world 👏🏿👏🏿👏🏿👏🏿.
Geez & to think Coca-Cola once wanted 🇺🇸 space agencies to use a Coke machine full of nuclear ☢️ fuel cells to power space travel 🧳 they’ve come a long way to weigh in as mass manipulation of new age Social Media...✅
Good ! Zuckerberg is one of the symptoms of what’s wrong with this planet !!!
Hopefully it’s just the beginning for Facebook!! They have to pay the price for their unbridled greed despite the harm it causes EvilCompany
$ is really how you change behavior.
Facebook don’t forget why and how you exist in the first place. ProjectVeritas
Couldn’t happen to a more deserving piece of 💩‼️ Just deserts for getting richer off DJT🤥💩 2016 propaganda fueled theft of the election‼️
fuckzuck
That's what happens when entire revenue of the biz is dependant on Ads. Facebook needs to diversify and whatsapp will come to rescue.
Oh my!
Ooh so now I understood he is CEO of both Facebook and coca-cola
Oh dear
Good news.
Lizard Man Mark Zuckerberg
Seriously are ppl still dumb enough to drink coke or any soda these days? Gross
Hang 🥤 in 🥤 there 🥤
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
I hope he goes bankrupt. He stifles freedom of speech.
People are fools if they think these companies are doing this because of morals... they spin cost savings moves and the sheep bleat with excitement
Couldn't have happened to a nicer guy.
$7bn - that would pay for a lot of sustainability projects 🙄
thank you CocaCola
blackpoolrob that’s got to sting
The power of the CocaColaCo reaches across corporate America!
Good
So Coca-Cola pays $7B for 30 days of advertising?
trump should have never been normalized by these media firms.....hate speech and harming others is not free speech and pushing racism and violence like trump and his cult are doing is criminal and must be removed from the internet
pppatticake I cannot grasp how anybody with 10% of the essential self-regard for a reasonably healthy way of being can stay on fb. It is a criminal cabal relentlessly stealing everything that moves or doesn't.
Get WOKE go BROKE
One of many signs that Facebook is out of his control. Social Media is like Frankenstein but far more destructive.
Corporations trying to be “in” on the pc culture are picking on FB as the platform where they make a stand against racism.Please. This is just empty posturing. Most of these brands will be back. Where else are you going to go? Network TV? No one watching there! Bing?YouTube?
Marketing budget cut?
So now he's only worth $80B instead of $87B? Yeah, I'm sure he loses sleep at night worrying about that. 🙄
May get worse having every one do what U say ain’t gonna happen looking back grandpa words educated Fools come and GO.
cowboytexas DeleteFacebook
Big daddy slaps jr on the wrist
He had nothing wiped from anything. The stock is up by about 50 billion in the past few weeks.
Omigosh that's a huge loss for billionaire Zuck. How is he gonna overcome this loss? Is he gonna approach the FED for a bailout?
cowboytexas
Wow! Love these numbers. 7 bn for 30d lockdown.
Poor thing. Now he can’t afford that 100th solid gold toilet in his 99th mansion.
Good. Need to see more of this
Facebook was used more as a marketing tool than a social media platform.We should back a new decentralised social media platform which focuses more on enhancing the users experience and less on ads . ComingSoon sosocialapp
They need take everything from mark he backed the lies against the united states he is affecting the world with his lies and cover up and the elections and needs to be removed from his own company He is Nazi threat to society
paet
Need to boycott companies spending $7 billion on advertising when people are starving, including employees. Maybe fewer blacks would have issues if these companies paid better? Boycott Facebook
No more cheeseburgers for you Mark, better get used to home cooking.
Ohhhh poor mark 😢
I so tried and loses of me my feelings so much by my pivite of you social So now I understand you but don’t forgot I big problems too doing something man hopefully thanks
How he'll be able to provide to his family?
Ahhh yes, let’s force companies to take away free speech. What’s next, pull advertising if FB allows stories, posts or photos of guns? It doesn’t just stop there. I’m personally not ok with Coca-Cola deciding what is “appropriate”
Facebook is a cancer of social mediums.👇
Easy come, easy go! It's only money Mark.
LMAOOO
Easy money!
Let me get this straight. They want more interference from Facebook... Seems coordinated by the deep state to give Facebook political cover for more censorship of free speech.
Lizard face .... Is fucking up
K_Thomas_Ross Awwwww isn’t that sad!
SAI
The market at its best but this entitled prick still won’t take the lies down.
Death to Social media advertising . . .
Poor guy is now worth only $83 billion and dropped to 4th richest in World...how much more can one suffer
Coca-Cola can advertise all the hell they want, I like PEPSI!😃👍🏻
We have hungry and homeless too numerous to count and a company spending $7 billion on advertising?. Maybe CocaCola could donate that money to food banks and assist with finding homes for the homeless
Thoughts & prayers
I have never seen a coca-cola advert on Facebook
Companies are just saving money because of the crisis, using this for a cover.
Poor, you need to feel sorry for the man
Yahoodi
Oh..I see. Mark better step up in his game. Do right things.
Arrest FASCIST Zuckerberg ...
Amazing what happens when you sell out to the government and their constituents. Now there’s no use for ole Zuck... let’s see how this one plays out down the road.
Poor him !
Coca-Cola pulling down ads till month end. Unilever stops till year end!
GOOD.
and guess what, he is still filthy rich