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Pepsi joining Facebook ad boycott, Fox Business News reports

Published 06/28/2020, 12:01 PM
Updated 06/28/2020, 01:10 PM
© Reuters. FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena

(Reuters) - PepsiCo Inc (O:PEP) will stop advertising on Facebook Inc (O:FB), Fox Business News reported https://www.foxbusiness.com/markets/pepsi-facebook-ad-boycott on Sunday, citing sources.

The halt on advertising will run through July and August, the report said. Sources described the move as a "global boycott" on placing Facebook ads, the report said.

PepsiCo did not immediately respond to a request for comment from Reuters.

The food and beverage company joins a growing number of companies pulling ad dollars from Facebook, including ice-cream maker Ben & Jerry's and Unilever PLC (L:ULVR).

Latest comments

I am a health professional and I can tell you this, coke, Pepsi and whatever those sugary drinks are, they are toxic for your health folks. Stay away from them. And yes, including Facebook. Unless you are a business who uses their platform for ads etc, stay away from it. They hijack your brains with their algos etc.
The virtue signaling will end when these hypocrite corps figure out who butters their bread.
I hate facebook...boycott away.
good, i might actually support facebook for once. time big tech stops selling their soul to the far-left globalists. will be much more damage when the government starts taking action against 230 violators like twitter.
They have different taste. Old folks drink coke, youngs drink Pepsi. Pepsi is lying to u by saying u cant tell the different. Yes i can. If u cant, u r brainwashed.
Anyway, dont drink soda. It is no good for u.
Nobody looks at ads on social media.
yeah it's a waste of money for these companies anyway
We will drink Coke.
Path.etic virtue signaling. Drink coke.
Good. We'll drink Coke.
Jerry you won't. The Coca-Cola has joined the boycott as well. More over YOU are not allowed to   use the below companies too: Global brands taking part in this boycott include Unilever (NYSE:UL), Coca-Cola Company (NYSE:KO), Levi Strauss (NYSE:LEVI), Honda (NYSE:HMC) and Verizon (NYSE:VZ). so ....
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