Facebook shares fell in premarket trading on Monday, after Diageo and Starbucks became the latest companies to halt advertising on social-media platforms over ineffective policing of hate speech.
On Sunday, coffee giant Starbucks SBUX, -3.08% said it was “pausing” advertisements on all social-media platforms, and would “continue discussions internally, with our media partners and with civil-rights organizations in the effort to stop the spread of hate speech.” On Friday, Unilever UN, -0.58% ULVR, -2.19% said it would halt U.S. advertising on Facebook and Twitter through year-end. Its Ben & Jerry’s ice-cream unit had previously announced a Facebook ad pullout.
The boycotts stem from a #StopHateforProfits campaign announced by a coalition of civil-rights and other groups, including the Anti-Defamation League and the National Association for the Advancement of Colored People, which has asked Facebook advertisers to show that they won’t support companies that prioritize profits over safety.
Political leaders should be held to a higher standard of conduct not lower.
Facebook is trash
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