Facebook CEO Mark Zuckerberg net worth and how he spends his wealth
Led by civil rights organizations including NAACP, Color of Change, and Anti-Defamation League, Facebook advertisers revolted too, pulling their ad spending from Facebook in a coordinated boycott beginning in July. The growing boycott wiped $9.6 billion off Zuckerberg’s net worth between June 23 and June 28.
The Hershey Co., Unilever, Verizon, Honda, Birchbox, Ben & Jerry’s, The North Face, REI, and Patagonia have all signed on, vowing to withhold their ad dollars from the social networking site.
“We invest billions of dollars each year to keep our community safe and continuously work with outside experts to review and update our policies,” Facebook said in a statement regarding the boycott. “We’ve opened ourselves up to a civil rights audit, and we have banned 250 white supremacist organizations from Facebook and Instagram.”
“The investments we have made in AI mean that we find nearly 90% of Hate Speech we action before users report it to us, while a recent EU report found Facebook assessed more hate speech reports in 24 hours than Twitter and YouTube,” the statement continued. “We know we have more work to do, and we’ll continue to work with civil rights groups, GARM, and other experts to develop even more tools, technology and policies to continue this fight.”
Source: Business Insider, Bloomberg Billionaires Index