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Facebook Shares Extend Slide As Starbucks Joins Major Global Brands In Social Media Ad Spending Boycott

Facebook shares lost more than $55 billion in value Friday after brand giant Unilever said it would pause ad spending on the platform for the rest of the year, and the losses look to continue as more than 150 companies join an effort to contain hate speech and misinformation on social media. Read More...

Facebook shares lost more than $55 billion in value Friday after brand giant Unilever said it would pause ad spending on the platform for the rest of the year, and the losses look to continue as more than 150 companies join an effort to contain hate speech and misinformation on social media.

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