Facebook lost billions of dollars due to advertiser boycott - Beautiful Lifestyle Magazine

Facebook lost billions of dollars due to advertiser boycott

Facebook потерял миллиарды долларов из-за бойкота рекламодателей
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Mark Zuckerberg lost more than $7 million due to a boycott by advertisers. The boycott happened because the social network Facebook declined to delete users’ discriminative and racists posts.

The shares dropped at 8.3% after Unilever announced the termination of funding the advertising on Facebook. Also, among the advertisers participating in the boycott, there are companies such as Coca-Cola, Honda, and Pepsi & Co. According to the Bloomberg Billionaires Index, now Mark Zuckerberg is no longer in third place on the list of the wealthiest people in the world. Today, his net worth $ 82 billion.

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