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Four of Canada's Big Banks Boycott Facebook


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6 hours ago, Chicken. said:

Banks virtue signalling .. riding the public momentum to gain some goodwill

Thats impossible for them to gain any goodwill they have essentially been the driving force for institutionalized raacism and discrimination forever.

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8 hours ago, Chicken. said:

 Nexopia was a classic in my youth

 

Im 9 years clean from FB 

 

Only insta and twitter for me :metal: .. and here on cdc

 

Reddit is addicting too but with their new trash content policy i might start to

boycott 

I'm old enough to remember when it was EnterNexus. I remember when it was renamed to Nexopia and that was a big deal in my school. Good ol' OG Canadian teen social media.

I will say I met some really cool people from there and it was basically teen Tinder. :lol:

Edited by BowtieCanuck
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3 hours ago, Battlemonger said:

Its not like facebook cares or anything. They make so much money that taking a loss on advertising income helps them make even more money come income tax time.

98.5% of their revenue comes from advertising. If more pull out and this continues for a while... that could force them to make the requested changes. 

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24 minutes ago, bishopshodan said:

98.5% of their revenue comes from advertising. If more pull out and this continues for a while... that could force them to make the requested changes. 

I was wondering if it was in any way similar to the advertisers boycotting Tucker’s show while in reality Fox just reallocated the ad revenue to other shows etc. having no net loss. And filled tuckers show.. the most watched cable news segment ever.. with others that dont care like MyPillow)

Facebook could in theory do the same and just reallocate the ads to instagram or whatever else FB owns that is more discrete. 

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1 minute ago, Chicken. said:

I was wondering if it was in any way similar to the advertisers boycotting Tucker’s show while in reality Fox just reallocated the ad revenue to other shows etc. having no net loss. And filled tuckers show.. the most watched cable news segment ever.. with others that dont care like MyPillow)

Facebook could in theory do the same and just reallocate the ads to instagram or whatever else FB owns that is more discrete. 

Good point.

What else do they own? I didn't know about intsa...

You would think these advertisers should back off all the parent companies platforms if they really want any changes. 

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8 minutes ago, bishopshodan said:

Good point.

What else do they own? I didn't know about intsa...

You would think these advertisers should back off all the parent companies platforms if they really want any changes. 

They own whatsapp I think too but i never see ads on that yet. They are also getting into the virtual reality sector and I am sure many others I am unaware of.

Worth looking into if anyone actually cares about the fb boycott. 
 

 

 

 

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21 hours ago, bishopshodan said:

It's not just banks pulling ads.

Facebook boycott: View the list of companies pulling ads

  •  

https://www.mercurynews.com/2020/06/30/facebook-boycott-view-the-list-of-companies-pulling-ads/

 

Lots of big hitters in that list. 

 

Dam they're pulling out like a seasoned male porn star.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and I am banned.

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28 minutes ago, You Mad Bro? said:

Political correctness and wokeness will be the downfall of western civilization. Just ridiculous. 

So you're opposed to businesses choosing where to allocate their advertising dollars?  Seems very anti-free market.

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8 hours ago, bishopshodan said:

98.5% of their revenue comes from advertising. If more pull out and this continues for a while... that could force them to make the requested changes. 

Pretty sure they took a devastatingly large value loss at one point today on the NYSE. IIRC it was 20 billion.

Edited by BowtieCanuck
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1 hour ago, King Heffy said:

So you're opposed to businesses choosing where to allocate their advertising dollars?  Seems very anti-free market.

Not when it's all a bunch of virtue signaling nonsense and they'll likely just do something like:

 

8 hours ago, Chicken. said:

I was wondering if it was in any way similar to the advertisers boycotting Tucker’s show while in reality Fox just reallocated the ad revenue to other shows etc. having no net loss. And filled tuckers show.. the most watched cable news segment ever.. with others that dont care like MyPillow)

Facebook could in theory do the same and just reallocate the ads to instagram or whatever else FB owns that is more discrete. 

I mean banks?! You could easily argue they're a good part of the origin of so called 'systemic inequality'.

 

Hollow virtue signaling from some of the worst offenders and nothing more.

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On 7/2/2020 at 12:43 PM, chon derry said:

does this mean no more long line ups in the bank?

That is just the banks boycotting their customers. They are mad that the customers come attached to their money, which they would like to separate from them - customers being an annoying inconvenience. As for Facebook, I hope it stays neutral - censorship has never served a useful purpose, remember that the views you subscribe to today, people in the past have tried to censor.

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21 hours ago, bishopshodan said:

98.5% of their revenue comes from advertising. If more pull out and this continues for a while... that could force them to make the requested changes. 

So that means they earned over 100 billion from advertising? LOL. Funny stuff.

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3 minutes ago, Battlemonger said:

So that means they earned over 100 billion from advertising? LOL. Funny stuff.

 

12 hours ago, BowtieCanuck said:

Pretty sure they took a devastatingly large value loss at one point today on the NYSE. IIRC it was 20 billion.

 

21 hours ago, bishopshodan said:

98.5% of their revenue comes from advertising. If more pull out and this continues for a while... that could force them to make the requested changes. 

With over 500 companies having now joined the advertising boycott of Facebook called for by top civil rights groups, some investors are concerned about the company’s lost revenue—but most Wall Street firms estimate that Facebook is still looking at less than a 5% hit to overall revenue.

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