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6/26, 2:12 AM (Source: TeleTrader)
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Verizon to pull ads from Facebook, Instagram

Verizon announced it will pull its advertisements from Facebook and Instagram due to the disagreements over the tech giant's moderation policy.

"We have strict content policies in place and have zero tolerance when they are breached, we take action. We're pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with what we've done with YouTube and other partners," the company's chief media officer John Nitti said. Facebook responded it respects Verizon's decision and stressed it "remains focused on removing hate speech and providing critical voting information."

The Menlo Park-based firm recently came under fire for allowing publications that spread misinformation on the election policy.

Breaking the News / JR