Starbucks Joins Facebook Ad Boycott Over Hate Speech

Market Watch reports:

Starbucks announced Sunday in an online statement that it is “pausing” ads on all social media platforms, two days after consumer-products conglomerate Unilever said it was halting U.S. advertising on Facebook and Twitter through year-end over ineffective policing of hate speech, leading to a sharp Friday selloff in both stocks.

The coffee giant said it would “continue discussions internally, with our media partners and with civil-rights organizations in the effort to stop the spread of hate speech.”

Verizon and ice-cream company Ben & Jerry’s, itself a unit of Unilever, had previously pulled advertising from Facebook. Coca-Cola joined the Facebook ad boycott late Friday.