Starbucks pauses advertising on ALL social media while Pepsi joins boycott of Facebook - News Summed Up

Starbucks pauses advertising on ALL social media while Pepsi joins boycott of Facebook


A CNBC report on Sunday added that this social media pause by Starbucks will not include YouTube, which is owned by Alphabet Inc's Google. Starbucks, the Seattle-based coffee chain, said it will 'pause' advertising on social media platforms. A Starbucks location is seen above in the Union Square section of New York City on June 24Starbucks released a statement on its web site on Sunday announcing that it was pausing advertising on social media platformsIt will continue to post on social media without paid promotion. Sources described the move as a 'global boycott' on placing Facebook ads, the report said. The social media company made an estimated $70 billion annually from ads, the coalition claimed in a statement on the ADL website.


Source: Daily Mail June 28, 2020 18:34 UTC



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