Jun 26, 2020
Facebook to tag harmful posts as boycott widens
The firm said it would halt Twitter, Facebook and Instagram advertising in the US "At least" through 2020. In a speech on Friday, Facebook boss Mark Zuckerberg defended the firm's record of taking down hate speech. Shares of Facebook and Twitter both fell more than 7% on Friday. The organisers, which include Color of Change and the National Association for the Advancement of Colored People, have said Facebook allows "Racist, violent and verifiably false content to run rampant on its platform". Nicole Perrin, analyst at eMarketer, said it will be difficult to determine the financial impact of the boycott on Facebook, given the significant changes in advertising amid the pandemic.
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