Levi Strauss CEO Chip Bergh on Wednesday told CNBC that his company is embracing less efficient advertising strategies as it pulls ads from Facebook to protest the social media giant's handling of hate speech.
Advertisers that are now boycotting Facebook to protest “hate speech” have spent years running ads and marketing campaigns on a Russian social media platform that bans gay rights groups and is known as a haven for white supremacists.
The country’s largest social media companies are allowing the Chinese Communist Party to disseminate propaganda to American audiences with little oversight or warning, according to an ongoing congressional investigation into these companies’ failure to police suspect content.
House Speaker Nancy Pelosi called on advertisers to boycott social media networks unless the outlets agree to restrict “dangerous” political speech, even as her campaign spent over $180,000 on Facebook ads over the past week.
Joe Biden is declining to say whether he will return thousands in donations from top Facebook executives as he ramps up his public feud with the social networking website over fact-checking of political advertisements.
Joe Biden’s campaign has massively ramped up its spending on Facebook advertisements in June, even as it wages a public relations war against the tech giant for allegedly allowing the Trump campaign to peddle "misinformation" through paid ads.