Facebook shares are set for a second day of declines as a boycott of advertisers on the social media platform is quickly gaining momentum.
The list of major companies that have said they're decreasing or halting ad spending with Facebook is growing:
Unilever
Verizon
Hershey's
Honda
The North Face
Ben & Jerry's
REI
Patagonia
Eddie Bauer
Upwork
Mozilla
Magnolia Pictures
Birchbox
Dashlane
TalkSpace
LendingClub
And now, Bloomberg reports that Starbucks Corp. and Diageo Plc. would also be pulling back on spending. Facebook shares tumbled over 4% in pre-market trading on Monday before bouncing back modestly after plunging 8.3% on Friday after Unilever, one of the world's largest advertisers, halted advertisements on the social media channel. From last week's high, shares are down 16%.
https://www.zerohedge.com/markets/facebook-pummeled-pre-market-boycott-builds-liberal-media-takes-aim-zuck
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[–] doublejj 0 points 1 point 1 point (+1|-0) ago
it's back up today. Wait until the Section 230 status is pulled. yoinks.