Mark Zuckerberg Losing Billions As Facebook Backlash Grows, Advertisers Cutting Ties

The boycott, launched by Stop Hate for Profit, gained support from civil rights originations including the National Association for the Advancement of Colored People and the Anti-Defamation League. Facebook currently has over eight million advertisers, but they seem to be dropping quickly.

A ton of small businesses have stopped putting money into Facebook ads and the big guys are not following. Adidas and Rebook have pulled an estimated $12.4 million in ad buys, Best Buy will no longer spend $29 million on advertisements, Coca-Cola has stopped all paid ads on social media platforms, Hersheys will no longer work with Facebook along with HP, Honda America, Levi Strauss & Company, Pfizer and the list keeps growing by the day.

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