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Pepsi joining Facebook ad boycott, Fox Business News reports

Published 06/28/2020, 12:01 PM
Updated 06/28/2020, 01:10 PM
© Reuters. FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena
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(Reuters) - PepsiCo Inc (O:PEP) will stop advertising on Facebook Inc (O:FB), Fox Business News 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.

© Reuters. FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena

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 (L:ULVR).

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