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Coca-Cola halts social networks ads over hate material

Byindianadmin

Jun 27, 2020
Coca-Cola halts social networks ads over hate material

Coca-Cola bottles on sale at a supermarket in Nice, France (20 January 2020) Image copyright
EPA

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Coca-Cola said its decision did not indicate it was joining the #StopHateforProfit campaign.

” There is no location for bigotry in the world and there is no place for racism on social media,” the beverages maker’s chairman and CEO James Quincey stated

The organisers of the #StopHateforProfit project, which accuses Facebook of not doing enough to stop hate speech and disinformation, stated the “little number of small modifications” would not “make a dent in the issue”.

As a result of the boycott, shares in Facebook fell 8.3%on Friday, removing $56 bn (₤45 bn) from the business’s market value and knocking $7.2 bn off Mr Zuckerberg’s perso

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