Facebook Ad Boycott: Mark Zuckerberg Loses $7 Billion

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See the original article here: Facebook Ad Boycott: Mark Zuckerberg Loses $7 Billion – Bloomberg

Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money with Facebook’s properties this year.

Bloomberg

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