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Facebook is being crippled by an advertiser boycott over hate speech — and pleading for a solution: report

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On Tuesday, The New York Times reported that Facebook is facing a serious threat to its revenue by a growing advertiser boycott over the network’s failure to control hate speech — and that executives are increasingly pleading with advertisers for a solution that will satisfy everyone.

“Marketing giants like Unilever, Coca-Cola and Pfizer announced that they were pausing their Facebook advertising. That outcry has grown, hitting the company’s wallet,” reported Tiffany Hsu and Mike Isaac. “To contain the damage, Facebook began holding daily calls and sending emails to advertisers to soothe them, advertising executives said. Nick Clegg, the company’s communications chief, made a series of media appearances stressing that Facebook was doing its best to tamp down hate speech. On Monday, Facebook also agreed to an audit by the Media Rating Council over its approach to hate speech.”

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This is a shift from last week, when, according to the report, CEO Mark Zuckerberg told advertising partners the company intended to stay the course.

“The push from advertisers has led Facebook’s business to a precarious point,” said the report. “While the social network has struggled with issues such as election interference and privacy in recent years, its juggernaut digital ads business has always powered forward. The Silicon Valley company has never faced a public backlash of this magnitude from its advertisers, whose spending accounts for more than 98 percent of its annual $70.7 billion in revenue.”

A report last week said that Zuckerberg personally has already lost $7 billion as a result of the boycott’s effect on the firm’s share price.

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2020 Election

Montana GOP ticket sidelined after exposure to COVID-positive Trump, Jr. girlfriend Kimberly Guilfoyle: report

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The Montana Republican Party is facing a crisis after multiple members of the ticket traveled to South Dakota for Donald Trump's rally and were potentially exposed to COVID-19.

"Montana gubernatorial candidate Rep. Greg Gianforte and his running mate, Kristen Juras, confirmed Saturday they will self-quarantine after Gianforte's wife, Susan, and Juras attended an event last week with Kimberly Guilfoyle, who has since tested positive for COVID-19," KBZK-TV reported Saturday.

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‘Perhaps the most un-American speech ever delivered by an American president’: Ambassador McFaul

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President Donald Trump's address at Mount Rushmore was blasted as "un-American" by former U.S. Ambassador to Russia Michael McFaul.

McFaul retweeted a clip of the leader of the free world failing to pronounce the word, "totalitarianism."

"Trump has no idea what words like fascism and totalitarianism mean," McFaul, now a professor at Stanford, declared.

"To those who wrote this speech and those senior [White House] officials who approved this speech, shame on you. Perhaps the most un-American speech ever delivered by an American president and on the July 4th weekend no less," he explained.

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Nevada GOP ridiculed for ‘illiteracy’ after sending out garbled Independence Day message

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The Nevada Republican Party was ridiculed on Saturday for the Independence Day message the organization sent out.

Veteran Nevada political reporter Jon Ralston, the editor of The Nevada Independent, tweeted out a screenshot of the email sent by Michael McDonald, the chairman of the state GOP.

Ralston described the email as a "microcosm of NV GOP's incompetence (and illiteracy)" and mocked the party by saying "English is a difficult language to master."

Here is Ralston's thread on the Fourth of July message:

Microcosm of NV GOP's incompetence (and illiteracy) in Chairman @McDonaldNV's Independence Day message, which begins (I kid you not.):

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