Advertisement
Canada markets open in 2 hours 22 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7324
    +0.0001 (+0.01%)
     

  • CRUDE OIL

    84.04
    +0.47 (+0.56%)
     

  • Bitcoin CAD

    87,580.23
    +860.15 (+0.99%)
     

  • CMC Crypto 200

    1,384.59
    -11.95 (-0.86%)
     

  • GOLD FUTURES

    2,359.80
    +17.30 (+0.74%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,720.75
    +153.25 (+0.87%)
     

  • VOLATILITY

    15.65
    +0.28 (+1.82%)
     

  • FTSE

    8,112.97
    +34.11 (+0.42%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Pepsi joining Facebook ad boycott, FOX Business Network reports

Reuters
Updated ·1 min read
FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena

(Reuters) - PepsiCo Inc <PEP.O> will stop advertising on Facebook Inc <FB.O>, FOX Business Network reported https://www.foxbusiness.com/markets/pepsi-facebook-ad-boycott on Sunday, citing sources.

The halt on advertising will run through July and August, the report said. Sources described the move as a "global boycott" on placing Facebook ads, the report said.

PepsiCo did not immediately respond to a request for comment from Reuters.

The food and beverage company joins a growing number of companies pulling ad dollars from Facebook, including ice-cream maker Ben & Jerry's and Unilever PLC <ULVR.L>.

(This story has been refiled to fix outlet's title)

(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)