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        <title><![CDATA[Verizon joins in on Facebook ad boycott]]></title>
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        <lastBuildDate>Fri, 26 Jun 2020 03:41:55 +0000</lastBuildDate>
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            <media:title type="html">Verizon joins in on Facebook ad boycott</media:title>
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        <content:encoded><![CDATA[<p>A Facebook ad boycott gathered more steam on Thursday, when telecom giant Verizon said it would pull ads in July over criticisms of the <strong>social media</strong> giant&#8217;s failure to monitor hate speech.</p><p>The &#8220;Stop the Hate for Profit&#8221; campaign had already convinced Unilever-owned ice cream maker <strong>Ben &amp; Jerry&#8217;s</strong> to join the campaign, as well as clothing brands The North Face and <strong>Patagonia</strong>, and REI.</p><p>Ad agency Goodby Silverstein said that it, too, would stop posting on Facebook in July.</p><p>&#8220;We are taking this action to protest the platform&#8217;s irresponsible propagation of hate speech, racism and misleading voter information,&#8221; it said.</p><p>The company&#8217;s other prominent advertisers include PepsiCo and BMW. A BMW spokesman told Ad Age that it was not participating in the boycott, while PepsiCo declined to comment.</p><p>Verizon, the nation&#8217;s largest wireless carrier, is by far the largest advertiser to pull ads so far. Ad Age said that through the first three weeks of June, it had spent $850,000 on Facebook ads.</p><p>&#8220;We&#8217;re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with what we&#8217;ve done with YouTube and other partners,&#8221; a Verizon spokesman said.</p><p>eMarketer recently lowered its projection for Facebook&#8217;s ad spending in 2020 to $31.4 billion. That&#8217;s down from previous forecasts of $36.25 billion, but still a 4.9 percent gain.</p><p>&#8220;This one feels different,&#8221; said Debra Aho Williamson, a senior analyst at eMarketer, about the boycott. &#8220;It is the largest boycott that I&#8217;ve ever seen.&#8221;</p><p>Still, she could not say for sure whether it will translate into a big ad hit. &#8220;It&#8217;s massive audience is still hugely important to a lot of advertisers.&#8221;</p>]]></content:encoded>
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