Patagonia Latest Brand to Join Facebook July Ad Boycott

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In recent weeks, a series of companies have banded together to boycott advertising on Facebook for the month of July in order to pressure the company to do more to combat racist, hateful and violent posts on its platform.

American corporate giants Ford, Pepsi and Microsoft are the latest blue-chip companies to join the growing advertising boycott of Facebook and its subsidiary Instagram over its failure to deal with hate speech and misinformation on its platform. “We are pausing all national social media advertising for the next 30 days to re-evaluate our presence on these platforms,” Ford said in a statement to Ad Age.

A growing advertising boycott of Facebook and its Instagram unit over the social media giant's handling of racism, violence and misinformation on its platform has been getting much attention, and Facebook's stock has in recent days fallen from a high, but Evercore ISI analysts Kevin Rippey and Lee Horowitz say it is "a big nothing for the fundamentals" of the company.

Dade Hayes Finance EditorStarbucks, Coca-Cola and Diageo have joined a growing advertiser boycott of Facebook, but Wall Street analysts are split on its ultimate impact on the tech giant.About 170 companies of varying sizes have paused ads on Facebook in an organized response to the social networking company’s lax response to misinformation and misleading political speech. General Motors said Monday it is evaluating its spending.

the couple are backing the #StopHateForProfit campaign, which is asking companies to hold Facebook to account hate speech hosted on their platform.A source told Harper's Bazaar: Stop Hate For Profit is an initiative that is calling on companies to boycott advertising on Facebook in the hopes of holding the platform to account for not tackling the spread of misleading information or racist and hateful content.

Starbucks, Levi's and global alcoholic drinks giant Diageo are the latest blue-chip companies to join the growing advertising boycott of Facebook and its subsidiary Instagram over the social media giant's handling of racism, violence and misinformation on its platform. CNBC reports that Starbucks will pause advertising on "all social media platforms," but continue to post without paid promotion.

But where do Prince Harry and Meghan Markle come in? According to a source who spoke to this month, the are privately encouraging CEOs to “stand in solidarity” with the civil rights initiative. “As we've been developing , one of the areas The Duke and Duchess of Sussex have been keen to address is online hate speech, and we've been working with civil rights and racial justice groups on it,” the source said.

Prince Harry and Meghan Markle are supporting the #StopHateforProfit campaign, which aims to stop companies from buying ads on Facebook until it moderates hate speech and misinformation.Harry, 35, and Meghan, 38, have been privately encouraging CEOs to support the campaign, according to a report from Town & Country.

Prince Harry and Duchess Meghan have long championed causes that stand up against bullying, and more than understand the devastating and long-term societal damage caused by internet hate speech—and now they have taken their activism for the matter one step further.A spokesperson for the Duke and Duchess of Sussex confirms to BAZAAR.com that Harry and Meghan are backing the Stop Hate For Profit campaign, which is calling for a global boycott of Facebook advertising over the company’s repeated

Dade Hayes Finance EditorVerizon has joined a growing boycott of advertisers boycotting Facebook and its Instagram subsidiary after the company’s handling of objectionable posts has left many brands uneasy on the massive social platforms.“We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with what we’ve done with YouTube and other partners,” the company said in a statement.

Todd Spangler NY Digital EditorVerizon has become perhaps the biggest advertiser yet to join a boycott of Facebook, with the telco saying it is “pausing” ad spending with the social-media giant until Facebook can address brand-safety problems.Verizon’s decision came after the Anti-Defamation League — one of the groups behind the #StopHateForProfit campaign to pressure Facebook into adopting more aggressive steps to combat hate and harassment — said it found an ad for Verizon on Facebook next to

Hollywood studio Magnolia Pictures, ice cream maker Ben & Jerry's and sporting equipment giant Eddie Bauer are the latest companies to announce that they will join a growing advertising boycott of Facebook and Instagram for the month of July over the social media giant's failure to stop the spread of misinformation and dangerous content on its platforms. On Tuesday, Magnolia became the first Hollywood company to join the boycott.

July ad boycott, dubbed the #StopHateForProfit campaign.The movement is driven by civil rights groups like the NAACP and the Anti-Defamation League. Last week, the groups accused CEO Mark Zuckerberg of allowing extremists to promote violence, thanks to Facebook’s laissez-faire moderation policies in comparison to other tech companies.