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7/06/2020

Topic Reading-Vol.3008-7/6/2020


Dear MEL Topic Readers,
Could a boycott kill Facebook?
On June 17, a coalition consisting of social movement groups initiated a campaign to move the largest ad platform to do more to curb racism. The Stop Hate for Profit campaign demands that Facebook remove racist and hateful content from the most powerful ad platform by boycotting ad placement for the month of July. Maybe because of the recent “act now rather than wait” attitude among US consumer goods and retailers (also to gain bargaining power?), Coca-Cola, Unilever, and Starbucks decided to pull ads from Facebook in July. How will this affect Facebook’s deep pockets? Will small advertisers gain more attention from the viewers?
It seems that an online campaign and decisive movement like walkout, demonstration, and boycott are a powerful combination to change corporate behaviors, especially on the environment, social, and governance issues, or ESG.
Read the article and learn about another movement to support BLM.

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