Coca-Cola Halts Facebook Advertising as Several Companies Boycott

Coca-Cola announced its plan to halt all of its social media advertisements for the next 30 days to show its support for racial equality.

On Friday, Coca-Cola CEO and Chairman, James Quincey released an official statement on behalf of the multinational beverage corporation confirming its intent.

While Coca-Cola did indicate that they have not joined the official boycott movement, the major advertiser does agree that the world has “no place for racism.”

“There is no place for racism in the world and there is no place for racism on social media,” Quincey said in a statement.

The corporation also confirmed its ads will be paused on both 📘Facebook and Instagram “at least” 30 days.

“The Coca-Cola Company will pause paid advertising on all social media platforms globally for at least 30 days,” the statement read. “We will take this time to reassess our advertising policies to determine whether revisions are needed. We also expect greater accountability and transparency from our social media partners.”

Amid heightened calls for racial equality, Coca-Cola has stood in solidarity with tweets supporting diversity and the end of systemic racism.

Coca-Cola’s statement comes as many major corporations have joined the “Stop Hate for Profit” boycott. Per CNBC, a long list