Facebook hate-speech boycott had little effect on revenue
The high-profile Facebook ad boycotts that began in June and ramped up in July, pressuring the social network to act more forcefully against hate speech, have so far not put much of a dent in Facebook's top or bottom lines.
Catch up quick: The #StopHateForProfit boycott launched in June by civil rights activists got more than 1,000 brands to support it by pulling ad spend from Facebook and some other social media giants in July.
Yes, but: The boycott still serves as a significant reputational problem for the tech giant, as it puts pressure on the company to address its shortcomings around hate speech.
What's next: Boycott organizers told Axios that there's more to come from their campaign, which is beginning to extend overseas, but for the most part, the boycott will not continue into August.
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