Facebook Advertisers Halt Spending

The transcript discusses the expanding boycott of Facebook by major companies like Starbucks and Unilever due to concerns over social media content that promotes violence, misinformation, racism, and discrimination. This boycott has led to a significant decline in Facebook's stock and Mark Zuckerberg's net worth. In response, Facebook has announced measures to label voting-related posts and expand its definition of hate speech, although activists and companies remain unsatisfied with the progress.

Which companies are mentioned as participating in the Facebook boycott?

• Coca-Cola, Nike, Adidas, Samsung, Sony

• Walmart, Target, Best Buy, Home Depot, Lowe's

• Starbucks, Levi Strauss, PepsiCo, Honda, Diageo

• Apple, Google, Microsoft, Amazon, Netflix

What is the main reason companies are boycotting Facebook?

• High advertising costs

• Lack of innovation

• Concerns over content promoting violence and misinformation

• Poor customer service

What was the financial consequence for Facebook after Unilever's decision?

• Facebook's stock increased by 8%

• Unilever's stock declined by 8%

• Mark Zuckerberg's net worth increased by $7 billion

• Facebook's stock declined by 8%

How did Facebook's stock react to the boycott announcement by Unilever?

• It increased by 8%

• It remained stable

• It increased by 5%

• It declined by 8%

What action did Facebook take in response to the boycott?

• They partnered with Starbucks for a new campaign

• They increased their advertising rates

• They labeled voting-related posts and expanded hate speech definitions

• They decided to ban all advertisements