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6/26/2020, 6:21 PM (Source: TeleTrader)
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Unilever to suspend Facebook, Twitter ads

Unilever revealed on Friday that it will suspend advertising campaigns on Facebook, Instagram and Twitter for the rest of 2020.

Speaking in an interview with the Wall Street Journal, the company's Executive Vice President of Global Media Luis Di Como said that the main reasons behind the action were not handling "hate speech" and the political "polarization" on the social media platforms ahead of the election in the United States.

According to the media outlet, Verizon Communications Inc., Patagonia Inc., VF Corp., North Face, Eddie Bauer and Recreational Equipment Inc. have all halted advertising on Facebook.

Breaking the News / MS