A widely anticipated meeting on Tuesday between the social media giant and the civil rights groups behind the recent Facebook ad boycott did not go well.
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Organisers of a growing Facebook advertising boycott said they saw “no commitment to action” after meeting with CEO Mark Zuckerberg on Tuesday.
Facebook COO Sheryl Sandberg said the company needs to get better at removing hateful speech – a response to hundreds of companies that have stopped advertising on the social network.
Secretary of state Mike Pompeo said late on Monday that the US is “certainly looking at” banning Chinese social media apps, including TikTok.
Advertisements for more than 400 brands are due to vanish from Facebook on Wednesday after the failure of last-ditch talks to stop a boycott over hate speech on the site.
Facebook shares were poised to fall for a second day after more businesses, including Starbucks and Diageo, joined the growing number of brands planning to halt spending on social media.
Mark Zuckerberg just became $7.2-billion poorer after a flurry of companies pulled advertising from Facebook’s network – but he’s still the fourth richest person in the world.
Verizon Communications said on Thursday it was pausing advertising on Facebook in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
Twitter placed a warning notice on a tweet by US President Donald Trump threatening “serious force” against protesters in the US capital, the second time it has used the label.
China has penalised 10 of the country’s most popular live-streaming apps, suspending some of their operations in a renewed crackdown on fast-growing services.