Name: Ford, Adidas and Denny's join the growing list of companies pausing Facebook ad spending
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Ford, Adidas and Denny's join the growing list of companies pausing Facebook ad spending

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Key PointsIn this articleMajor advertisers are the "#StopHateForProfit" campaign, promising to stop spending money on&nbsp; ads in July to pressure the company to do more to stop the spread of hate speech and misinformation.&nbsp;Although these advertisers include some big-name brands, they aren't necessarily the biggest spenders on Facebook in the U.S. For instance, none of these brands were in the top 100 spenders on Facebook in the U.S. so far this year, according to marketing analytics company Pathmatics.&nbsp;The growing campaign did not appear to trouble investors on Monday, as they sent Facebook shares up more than 2%.Here's a rundown of companies that announced they were suspending advertising on Monday.These companies join Coca-Cola, Diageo, Honda, Starbucks, Verizon and Unilever among others. In some cases, companies also suspended ad spending on other social media platforms as well.The boycott comes after a group of organizations called on Facebook advertisers to pause their spending on the social media platform during the month of July.The groups -- the Anti-Defamation League, the NAACP, Sleeping Giants, Color of Change, Free Press and Common Sense -- accused Facebook of allowing&nbsp; allowing "racist, violent and verifiably false content to run rampant on its platform," letting its platform be used in "widespread voter suppression efforts, using targeted disinformation aimed at Black voters" and allowed "incitement to violence against protestors fighting for racial justice in America," among other claims.Facebook needs to address ad boycott quickly and effectively, says Gastwirth

Key PointsIn this articleMajor advertisers are the "#StopHateForProfit" campaign, promising to stop spending money on&nbsp; ads in July to pressure the company to do more to stop the spread of hate speech and misinformation.&nbsp;Although these advertisers include some big-name brands, they aren't necessarily the biggest spenders on Facebook in the U.S. For instance, none of these brands were in the top 100 spenders on Facebook in the U.S. so far this year, according to marketing analytics company Pathmatics.&nbsp;The growing campaign did not appear to trouble investors on Monday, as they...

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Jessica Bursztynsky is an associate reporter for CNBC.com covering breaking tech news. She started working for CNBC in January 2019 as a breaking news intern. She graduated from the University of Illinois at Urbana-Champaign with a BA in Journalism.

https://www.cnbc.com/jessica-bursztynsky/

Jessica Bursztynsky

Advertising/marketing reporter at the Wall Street Journal, half-Canuck, Chicago girl 4eva. Tips? DM for my Signal (no pitches, please)

Megan Graham

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Ford, Adidas and Denny's join the growing list of companies pausing Facebook ad spending

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