Facebook just lost one of the biggest advertisers in the world for the rest of 2020That FB shyt is hilarious and it's dumb af. The advertisement company that pulled ads was only their 30th highest client..
FB is sitting on billions. This is what you call an overreaction..
But guess what? We can eat off overreactions..
I bought into WYNN again too
(Sub header reads: "Following Unilever's announcement, Coca-Cola said it would suspend its social media advertising globally.")
Unilever spent $42.3 million on Facebook in 2019, according to Pathmatics, an ad data firm, and spent $11.8 million through June 25.
Unilever is one of a number of advertisers who are pushing for new rules for social media companies as part of the Global Alliance for Responsible Media.
It's not just that Verizon pulled out either... When you become a pariah, employee morale goes down, the allure of working with your company decreases, etc. Not saying that this is part of the selloff, but there will potentially be long term ramifications to Zuckerberg's approach
Last edited: