Ad boycott wipes Facebook of $56 billion
Brands continue to boycott advertising via social media platforms like Facebook, tanking the stock and Mark Zuckerberg’s net worth. FOX Business’ Susan Li with more.
Breakfast favorite Denny's said Monday it will pause paid advertising on Facebook as part of the #StopHateForProfit boycott organized by civil rights groups.
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"As America's Diner, we offer an inclusive and welcoming environment where all people can enjoy a nice meal and we strongly oppose hate speech of any kind," Denny's said in a statement. "It is our belief that Facebook has not done enough to address this important issue on its platform and we are calling on Facebook to make positive changes to its process for combatting hate speech and disinformation."
STARBUCKS PAUSING ALL SOCIAL MEDIA ADS AS PRESSURE ON FACEBOOK, TWITTER GROWS
Denny's ad pause will kick in on Wednesday.