More than 160 companies have all ceased advertising their products on Facebook in recent week as part of the Stop Hate for Profit campaign. Facebook makes an estimated $70 billion annually from ads, the coalition claimed in a statement on the ADL website. We also expect greater accountability and transparency from our social media partners,' said James Quincey, Coca-Cola chairman and CEO. The 'Stop Hate for Profit' campaign will now work on getting European companies to join the boycott and urge regulators to take a hard stand on Facebook. Zuckerberg slammed the move when Twitter first labeled a Trump tweet, saying it wasn't up to social media companies to be the 'arbiters of truth'.

Source: Daily Mail June 30, 2020 19:49 UTC