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FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena
(Reuters) – PepsiCo Inc <PEP.O> will stop advertising on Facebook Inc <FB.O>, Fox Business News reported https://www.foxbusiness.com/markets/pepsi-facebook-ad-boycott on Sunday, citing sources.
The halt on advertising will run through July and August, the report said. Sources described the move as a “global boycott” on placing Facebook ads, the report said.
PepsiCo did not immediately respond to a request for comment from Reuters.
The food and beverage company joins a growing number of companies pulling ad dollars from Facebook, including ice-cream maker Ben & Jerry’s and Unilever PLC <ULVR.L>.
(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)
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