Facebook Suffer Largest Advertiser Boycott Over Misinformation Outrage

Under mounting pressure from an advertiser boycott, Facebook is being forced to reassess the platformâs content moderation practices following recent inflammatory comments published by President Donald Trump and other disinformation groups as protests against police brutality intensify, according to a report from The Verge.
The #StopHateForProfit campaign, organized by powerful civil rights institutions such as the Anti-Defamation League, Color for Change, Common Sense and the NAACP, called on Facebookâs 90+ advertising partners to pull their marketing support from the platform, joined by mega-corporations such as Magnolia Pictures, Ben & Jerryâs, Verizon, Eddie Bauer, and Unilever. In the wake of George Floydâs murder in Minneapolis, the coalition began to âstand in solidarity with our most deeply held American values of freedom, equality, and justice and not advertise on Facebookâs services in Julyâ, as stated in their press release to The Guardian.
At the heart of the protest is President Trump who posted a tweet that was declared âabusiveâ by Twitter, yet the Facebook equivalent was left up untouched. âThere will never be an âAutonomous Zoneâ in Washington, D.C., as long as Iâm your President,â the president tweeted last Tuesday. âIf they try they will be met with serious force!â. Hours later, Twitter blocked the post with a warning that âThis tweet violated the Twitter Rules about abusive behaviorâ. On Facebook, however, no such warning exists and continued to gain over 200,000 interactions from users alongside standard advertising. This echoes Facebookâs previous controversy where civil rights groups criticized the platform for preserving a post where the president declared âwhen the looting starts, the shooting starts.â
âWe have strict content policies in place and have zero-tolerance when they are breached, we take action,â said John Nitti, Verizonâs chief media officer who provided a statement to CNBC. âWeâre pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with what weâve done with YouTube and other partners.â According to CNBC analytics, Verizon spent nearly $1.5 million on Facebook and $500,000 on Instagram in the months of May and June, making it one of the top advertisers in the companyâs bottom line. Since the boycott, Facebook stock reportedly dropped by over 7% within the span of a week.
At this point, itâd be business malpractice for Facebook to avoid saving face. Carolyn Everson, Facebookâs vice president of its Global Business Group, released a counter-statement to The Verge declaring the platform is âhaving ongoing conversationsâ with advertisers about how to be a âforce for goodâ in their content administration. âWe respect any brandâs decision and remain focused on the important work of removing hate speech and providing critical voting information. Our conversations with marketers and civil rights organizations are about how, together, we can be a force for good.â
But what does Facebook actually consider to be a âforce for goodâ?
After all, weâre just a month apart from Facebook being successfully sued for $52 million by their own admin workers over their horrific work conditions, subjecting 11,000 contractors to a toxic culture of unpredictable firings, unsupervised exposure to traumatic material, rampant episodes of sexual deviancy and open-carried firearms within their facilities, all without so much as having a therapist on staff. Many employees reported suffering from symptoms of PTSD and even a heart attack-induced death as the result of working for Facebook. From all this, itâs difficult to claim the platform has any true intent in fighting the good fight, especially when their neglect for their most vulnerable workers was a feature, not a bug in their of achieving false administrative justice. When the disaffected are the ones signing the cheques, however, Facebook sure is at least ready to offer their platitude lip service, though nothing more.
Whereas these moderators never even saw CEO Mark Zuckerberg and COO Sheryl Sandberg in the flesh, the same canât be said of activist groups such as Color of Change, the Leadership Conference on Civil and Human Rights, and the NAACP Legal Defense and Educational Fund, each of which sending representatives to a meeting with Facebook executives earlier this year. Vanita Gupta, Sherrilyn Ifill, and Rashad Robison expressed their frustrations with Facebook in the following statement: â[Zuckerberg] did not demonstrate an understanding of historic or modern-day voter suppression and he refuses to acknowledge how Facebook is facilitating Trumpâs call for violence against protesters. Mark is setting a very dangerous precedent for other voices who would say similar harmful things on Facebook.â
Since the meeting, the coalition has published a series of serious demands for how exactly Facebook can become this so-called âforce for goodâ, expecting the platform to âgo beyond taking down Trumpâs postsâ by instead removing âall ads from content labeled as misinformation or hateâ, as outlined in an ADL open letter. âWhen it comes to dealing with rampant hate and harassment, the platform continues to come up short. What are they doing with $70 billion in revenue and $17 billion in profit?â the letter reads. âTheir hate speech, incitement, and misinformation policies are inequitable. Their harassment victim services are inadequate. Their advertising placementâs proximity to hateful content is haphazard. And their âcivil rightsâ audit transparency reports arenât helpful to the civil rights community.â
This puts advertisers in a difficult position as Facebook is definitionally a monopoly force. As Iâve explained in the past, the site holds a 75% market share across the entire social media sector and a combined base of 2.5 billion users across its apps, even despite their record routine in abuse of power. A boycott of this type is unprecedented when thereâs little to no anti-trust action giving these corporations a plan-B. As said by Jason Dille, an overseer for over 20 clients at the ad agency Chemistry, putting a halt on Facebook ads, especially during a pandemic, is quite a business risk. âSome of my clients are just starting to come back,â Dille said. âIf they donât create sales and get business to turn around, theyâre going to go under. Facebook is a double-edged sword. You donât want to support it, but you have to use it in order to reach a large audience.â
Some advertisers, however, donât expect even the most basic of needs to be met, predicting another round of the platitude statement strategy weâve seen all too many times before. Just consider the amount of lengthy public statements Zuckerberg has given on Facebookâs company philosophies and potential new policies, few of which ever actually being brought to light such as the proposed Facebook Supreme Court, a new arbitration body said to overrule Zuckerberg. Itâs just the same old cycle of empty words buying public ignorance, and even advertisers arenât buying it anymore. âFacebook is not committed to change,â said Joy Howard, chief marketing officer of the password manager app Dashlane. âThey will only say what money makes them say. Itâs time for us to put our money where their mouth is.â