Facebook Pummeled In Pre-Market As Boycott Builds, Liberal Media Takes Aim At Zuck

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%. 

Robinhood traders panic bought Facebook shares over the last several months. 

Now it seems Washington Post is going after Facebook’s CEO Mark Zuckerberg… 

Could Facebook shares be putting in a cycle top? Or is this a more coordinated effort to shift all Ads to Google – which is perhaps less inclined to allow free speech from both sides of the aisle?

The original article is located at ZeroHedge.com

This content is provided by public RSS feed at https://feeds.feedburner.com/zerohedge/feed. Please contact us if you have any questions.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments