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June 28, 2020, 1:33 p.m. EDT

Starbucks pulling ads from Facebook and other social-media platforms

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By Tim Rostan

Starbucks /zigman2/quotes/207508890/composite SBUX -2.07% announced Sunday in an online statement that it is "pausing" advertisements on all social-media platforms, two days after consumer-products conglomerate Unilever /zigman2/quotes/201848945/composite UN -2.42% /zigman2/quotes/205449809/delayed UK:ULVR -1.66% /zigman2/quotes/207232543/delayed NL:UNA -2.00% said it was halting U.S. advertising on Facebook /zigman2/quotes/205064656/composite FB -0.90% and Twitter /zigman2/quotes/203180645/composite TWTR +2.03% through year-end over ineffective policing of hate speech, leading to a sharp Friday selloff in both stocks. The coffee giant said it would "continue discussions internally, with our media partners and with civil-rights organizations in the effort to stop the spread of hate speech." Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ -0.40% and ice-cream company Ben & Jerry's, itself a unit of Unilever, had previously pulled advertising from Facebook. Coca-Cola Co. /zigman2/quotes/209159848/composite KO -0.20% joined the Facebook ad boycott Friday. Facebook late Friday reversed course and said it would now hide or block content considered hateful or endangering voting, removing a prior exception for politicians.

/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 84.95
-1.80 -2.07%
Volume: 10.11M
Sept. 18, 2020 4:00p
P/E Ratio
76.73
Dividend Yield
1.93%
Market Cap
$101.41 billion
Rev. per Employee
$86,863
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/zigman2/quotes/201848945/composite
US : U.S.: NYSE
$ 60.04
-1.49 -2.42%
Volume: 1.68M
Sept. 18, 2020 4:00p
P/E Ratio
24.18
Dividend Yield
2.57%
Market Cap
$161.89 billion
Rev. per Employee
N/A
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/zigman2/quotes/205449809/delayed
UK : U.K.: London
4,740.00 p
-80.00 -1.66%
Volume: 3.19M
Sept. 18, 2020 4:35p
P/E Ratio
24.04
Dividend Yield
3.03%
Market Cap
£125.02 billion
Rev. per Employee
N/A
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/zigman2/quotes/207232543/delayed
NL : Netherlands: Euronext Amsterdam
50.98
-1.04 -2.00%
Volume: 8.19M
Sept. 18, 2020 5:38p
P/E Ratio
22.69
Dividend Yield
3.22%
Market Cap
€137.11 billion
Rev. per Employee
N/A
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 252.53
-2.29 -0.90%
Volume: 28.13M
Sept. 18, 2020 4:00p
P/E Ratio
30.85
Dividend Yield
N/A
Market Cap
$725.94 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 40.15
+0.80 +2.03%
Volume: 19.49M
Sept. 18, 2020 4:05p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$31.12 billion
Rev. per Employee
$776,112
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/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 60.35
-0.24 -0.40%
Volume: 22.58M
Sept. 18, 2020 4:00p
P/E Ratio
13.05
Dividend Yield
4.16%
Market Cap
$250.72 billion
Rev. per Employee
$905,626
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/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 50.45
-0.10 -0.20%
Volume: 23.82M
Sept. 18, 2020 4:00p
P/E Ratio
23.73
Dividend Yield
3.25%
Market Cap
$217.13 billion
Rev. per Employee
$506,342
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