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Facebook, Twitter shares drop as European giant pulls ads

Facebook, Twitter shares drop as European giant pulls ads
Posted at 2:21 PM, Jun 26, 2020
and last updated 2020-06-26 14:21:32-04

The company behind Ben & Jerry’s ice cream, Dove soap and a host of other consumer products says it will stop advertising on Facebook, Twitter and Instagram in the U.S. through at least the end of the year because of the amount of hate speech online.

Unilever said that the polarized atmosphere in the United States ahead of November's presidential election placed responsibility on brands to act.

The company, which is based in the Netherlands and Britain, joins a raft of other companies halting advertising on online platforms. Facebook in particular has been the target of an escalating movement to siphon away advertising.

Hate Speech Online Ads
FILE - This combination of photos shows logos for social media platforms, from left, Facebook, Twitter and Instagram. The company behind Ben & Jerry’s ice cream, Dove soap and a host of other consumer products says it will stop advertising on Facebook, Twitter and Instagram in the U.S. through at least the end of 2020 because of the amount of hate speech online. (AP Photo)

Unilever announced earlier this week they would remove words such as “fair,” “whitening” and “lightening” from its products, a move that comes amid intense global debate about race sparked by the Black Lives Matter movement.