Facebook Ad Boycott Is "a Big Nothing" in Terms of Financials, Analysts Say
A growing advertising boycott of Facebook and its Instagram unit over the social media giant's handling of racism, violence and misinformation on its platform has been getting much attention, and Facebook's stock has in recent days fallen from a high, but Evercore ISI analysts Kevin Rippey and Lee Horowitz say it is "a big nothing for the fundamentals" of the company. Starbucks, Levi's and alcoholic drinks giant Diageo are among the latest blue-chip companies, following the likes of Unilever, to join the boycott against Facebook, led by chairman and CEO Mark Zuckerberg.