One of the world's biggest advertisers, Coca-Cola, is pulling its advertising dollars out of social media for 30 days to give platforms time to address racism and other hate speech.

“There is no place for racism in the world, and there is no place for racism on social media,” CEO and chairman James Quincey said in a statement to Adweek.

Read more in Adweek's breaking coverage of Coca-Cola's social ad pullout.

Related coverage:

• Unilever also halted its Facebook and Twitter ads earlier today, saying it will stay off the platforms through the end of the year.
• This Facebook boycott is different—new brands are joining the boycott every day. Most notably, Verizon joined yesterday and Unilever will cut advertising on Facebook and Twitter for the rest of 2020.
• Go inside the campaign to convince advertisers to ditch Facebook.
• Facebook employees have walked out over the platform's refusal to censor President Trump's incendiary posts.
• Opinion | I Canceled Facebook Advertising and You Should, Too

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