Firms Boycott Facebook Ads

FIRMS BOYCOTT FACEBOOK ADS IN PROTESTZuckerberg Loses $7 Billion

Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.‘s network.

Shares of the social media company fell 8.3% on Friday.

The most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network.

Unilever said it would stop spending money with Facebook’s properties this year.

FIRMS BOYCOTT FACEBOOK ADS IN PROTEST

The share-price drop eliminated $56 billion from Facebook’s market value and pushed Zuckerberg’s net worth down to $82.3 billion, according to the Bloomberg Billionaires Index.

That also moved the Facebook chief executive officer down one notch to fourth place, overtaken by Louis Vuitton boss Bernard Arnault, who was elevated to one of the world’s three richest people along with Jeff Bezos and Bill Gates.

Companies from Verizon Communications Inc. to Hershey Co. have also stopped social media ads after critics said that Facebook has failed to…….

DAWG SAYS: IT WAS INEVITABLE WHEN YOU HAVE WISHY WASHY POLICIES AND INVESTORS THAT ARE VULTURES.


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1 Comment

  1. You send a bright kid to Harvard and you get back an educated social terrorist, community organizer, political hack, …….

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