Facebook's Management Will Meet With The Masterminds Behind The Company's Boycott
Facebook CEO Mark Zuckerberg and chief Executive Sheryl Sandberg agreed to meet with representatives of three non-governmental human rights organizations that launched a campaign to boycott this American company by refusing to place ads on the social network of the same name, according to Bloomberg.
A Facebook official confirmed to the Agency that such a meeting is scheduled for July 7. Zuckerberg and Sandberg will host Jonathan Greenblatt of the anti-defamation League, Rashad Robinson, Chairman of the NGO Color of Change, and derrick Johnson, a member of the leadership of the National Association for the advancement of colored people. The company and these organizations do not disclose what topics the parties intend to discuss.
Starbucks, which unites more than 28 thousand coffee shops in 75 countries, including Russia, on Sunday announced that it will join the boycott, and for an indefinite period. Coca-Cola, one of the leading us mobile operators Verizon, and the British-Dutch market leader in food and household chemicals Unilever announced the suspension of advertising on Facebook and other popular social networks, as the latter's managers allegedly do not take sufficient measures to delete messages of a racist nature and misleading information. The boycott was joined by sellers of clothing and equipment for sports and tourism REI, the North Face, Eddie Bauer, and Patagonia, Levi Strauss jeans, manufacturers of ice cream Ben & Jerry's and Hershey's chocolate, as well as the American branch of the Japanese automobile giant Honda.
Facebook gets the lion's share of its revenue from advertising. The company's revenue last year was $70.697 billion, an increase of 27% compared to 2018. Advertising revenue increased by 27%, from $55.013 billion to $69.655 billion. The Bloomberg business news Agency estimated last week that Zuckerberg has already lost about $7.2 billion due to the boycott.