Facebook Ad Boycott n3b71 VW, Adidas, Puma #StopHateForProfit Campaign Over Hate Speech

Some 200 brands have now paused advertising with Facebook as part of the #StopHateForProfit campaign launched by social justice activists. 4x2g5u

By Agence -Presse | Updated: 1 July 2020 11:58 IST

Facebook Ad Boycott: VW, Adidas, Puma #StopHateForProfit Campaign Over Hate Speech

Photo Credit: Reuters 3v6d2p

The ad boycott has wiped off billions of dollars in Facebook's market value

Highlights

Some 200 brands have now paused advertising with Facebook
The move has already wiped billions off Facebook's market value
Facebook has said it would ban a "wider category of hateful content"

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German giants Volkswagen, Puma, and Adidas on Tuesday ed a growing r boycott over hate speech against Facebook, following major consumer companies like Levi's and Coca-Cola.

Some 200 brands have now paused advertising with the social media giant as part of the launched by social justice activists.

The unprecedented move has already wiped billions off Facebook's market value.

Car giant Volkswagen, which also owns the Audi, Porsche, and Skoda brands, said it was suspending the group's ads on Facebook.

"Hate speech, discriminating comments and posts containing dangerous false information must not be published uncommented and must have consequences," the group said.

Sportsgear maker Puma said it was ing the #StopHateForProfit campaign "throughout July".

Puma "is part of an overall effort to create positive change and improvement in Facebook's platform by demanding the removal of inaccurate, hostile and harmful conversation," a spokeswoman said.

A spokesman for Puma's rival Adidas said the company would "develop criteria to develop and maintain a cosmopolitan and safe environment that will apply to ourselves and our partners" during a Facebook ad pause also encoming US subsidiary Reebok.

"Racism, discrimination and hateful comments should have no place either in our company or in our society," he added.

The movement against online hate speech has picked up steam following George Floyd's death on May 25 at the hands of a white policeman in Minneapolis.

On Friday, Facebook had said it would ban a "wider category of hateful content" in ads and add tags to posts that are "newsworthy" but violate platform rules -- following the lead of Donald Trump.

But experts have highlighted the social network's massive r base of small- and medium-sized companies chasing over 2.6 billion worldwide s, potentially limiting the impact of big-name boycotts.

Adidas has itself been in the sights of the global anti-discrimination movement.

Earlier this month, the three-stripe brand rejected claims by employees that it was not doing enough to combat racism, after its human resources chief Karen Parkin last year described such complaints as "noise" only discussed in the US.

Parkin announced her resignation on Tuesday after 23 years at Adidas.

"It has become clear to me that to unify the organisation it would be better for me to retire and pave the way for change," she said in a statement.

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