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Jim Cramer is watching the companies that plan to pause advertising. Here’s how he feels about Facebook stock now.
Other notable companies include Coca-Cola, Diageo and Unilever are just a few of the scores of global brand giants that have said they will pause social media ad spending for the month of July — and in some cases until the end of the year — unless companies such as Facebook do more to eradicate hate speech and misinformation on their social media platforms.
This comes after some brands–including North Face, Ben & Jerry’s and Patagonia–specifically paused advertising on sites such as Facebook due to its policies. However, not all of the brands–like Coca-Cola–have said that their ad pause is part of the boycott, but rather an overarching pause for the company to reevaluate where spends on advertising.
Original Article on TheStreet:
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