[Ed. – Music to our ears.]
Facebook erased almost $60billion from its market value Monday after a massive two-day stock decline as more advertisers joined the boycott of the social network.
Stocks in the world’s largest social media platform rose 1.2 percent again Monday afternoon after shaking off a loss earlier in the morning.
The social media giant is facing a defection of advertisers tired of the racist and violent posts spreading through the social network.
Among the long list of companies are Starbucks, who have halted advertising on all social-media platforms.
Facebook reacted Friday with policy tweaks but the boycott list keeps growing.
A long list of companies have pulled advertising from Facebook Inc in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.