- Diageo (NYSE:DEO) becomes the latest company to pause social media advertising, following similar moves by Coca-Cola, Hershey and others.
- Diageo strives to promote inclusion and diversity, including through our marketing campaigns," the company tweeted. "From 1 July we will pause all paid advertising globally on major social media platforms. We will continue to discuss with media partners how they will deal with unacceptable content."
- On Friday, shares of Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) were pounded on ongoing pushback from advertisers about the platforms' perceived lack of action on racial issues.