6/28/2020, 5:50 PM (Source: TeleTrader)
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Chart for: PepsiCo

PepsiCo quietly joining Facebook ad boycott - report

PepsiCo Inc. is quietly joining the boycott of advertising on Facebook by many United States companies, Fox Business reported on Sunday, citing unnamed sources.

The report claims that the advertising will be halted in July and August, even though the company did not announce the decision publicly yet.

Facebook and Twitter have been criticized by several firms from the US, with many of them suspending their marketing campaigns on the social media platforms over alleged lack of clear policy on allegedly offensive, racist and political content that is being posted. PepsiCo's rival Coca-Cola has made a similar announcement recently.

Breaking the News / MS