More big names have joined the Facebook ad boycott. Unilever will stop buying ads on both Facebook and Twitter for the rest of 2020, and Coca-Cola will stop all social ads this year. However, advertisers have given themselves plenty of wiggle room.
Facebook as taken steps to address the reason for the boycott.Mark Zuckerberg says it will label newsworthy content that violates its policies, better police hateful content in ads, tackle voter suppression, and offer authoritative information to voters during the pandemic.
Y Combinator is to cut the standard amount it invests in startups, but still take the same equity stake in each one. The change is “in line with the fundraising and budget realties of the accelerator going forward,” TechCrunch reports.
A spoof startup called 👁👄👁 went viral on Twitter yesterday but it was all a plan to raise awareness of social issues while taking advantage of the FOMO nature of Silicon Valley hype cycles.