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6/29, 9:13 PM (Source: TeleTrader)
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Adidas, Reebok join Facebook ad boycott

Adidas AG and its subsidiary Reebok International Limited announced on Monday that they will suspend all advertising campaigns on Facebook and Instagram in the month of July over dissatisfaction with social media handling of hate speech.

"Racist, discriminatory, and hateful online content have no place in our brand or in society," the companies said, adding that "over the next 30 days we will develop criteria to hold ourselves and every one of our partners accountable for creating and maintain safe environments."

The list of companies halting promotion on social media is growing by the hour, as Best Buy also joined the boycott earlier in the day.

Breaking the News / MS