Ikea, Walmart and Peloton have become the latest major brands to pull their Facebook advertising spend but have all chosen to not announce it publicly.
According to a new report published by Media Matters, Ikea paused its advertising on Facebook in early July but the Swedish furniture giant refrained from announcing the move or its direct support for the #StopHateForProfit campaign.
Walmart, McDonald’s, Kohl’s, Kellogg’s, Peloton, Dell, Allstate and Geico have all also reportedly stopped or significantly reduced their Facebook advertising spend over the past month.
