Massive firms pull ads from Facebook over 'hateful' and 'racist' content
Global products giant Unilever, which reported spending $9 billion on ads and marketing last year, on Friday became the latest large company to pull ads from Facebook over content on the platform. Telecommunications firm Verizon on Thursday also joined a pressure campaign to force the Menlo Park social media titan to take action against content seen as racist and divisive, saying it was pulling ads indefinitely.Unilever’s withdrawal of U.S. Facebook ads will last till the end of the year, and the European conglomerate said it would also stop buying ads on Twitter for the same time period. “The...
The Mercury News
Study: GM will lose US market share as it redefines its future
DETROIT — General Motors is risking its U.S. market share in a long-term play to offer an all-electric vehicle lineup.But it is the smart play for GM’s future, experts say, especially if federal fuel economy regulations increase or gasoline prices drive higher.That was a conclusion laid out Thursday by John Murphy, senior automotive analyst at BofA Securities, during a presentation of its annual Car Wars report.“You have the gap period of time where you can ride the wave of your profitable products for a few years, so (shifting to electric powertrains) won’t impact GM for the next two years,” ...
Detroit Free Press
Mexican beer drinkers brace for shortage as coronavirus industry shutdown persists
CHICAGO — Beer drinkers could see a shortage of popular imported Mexican brands as soon as next week due to an ongoing shutdown of Mexico’s beer industry.Most immediately at risk are the brands owned by Heineken USA, including Dos Equis Tecate and Bohemia.Should the shutdown persist, beers owned by Constellation Brands — which include Modelo Especial, Corona and Pacifico — may also be in shorter supply by summer.When Mexican beer production was paused in early April due to that country’s government not declaring brewing an “essential” industry — as it has been deemed in the U.S. — observers pr...
How hotels are doubling down on hygiene — and what that means for your next stay
CHICAGO — The coronavirus crisis has not only sent the hotel industry reeling by cratering occupancy rates. It’s forcing hotels to ramp up their cleaning protocols and hygiene — things that will be more of a priority for consumers in a post-pandemic world, where safe is the new sexy.“What would have been in the back of customers’ minds is now front and center,” said Phil Cordell, Hilton’s global head of new brand development.Hilton, Marriott and, as of Wednesday, Chicago-based Hyatt, have all announced plans for updated cleaning standards and other steps aimed at protecting the health of guest...
What happened to all the toilet paper, according to professors of psychology and supply chains
Interested in some “used” toilet paper?That’d be $200, on Facebook Marketplace. The online ad was probably a joke — or maybe not. Toilet paper has been hard to come by these days after panicked shoppers emptied grocery store shelves of bathroom tissue. The toilet paper shortage became a meme on social media, and came to symbolize consumer hoarding during the coronavirus pandemic.So, what happened to all the toilet paper? We asked two academic experts — Deborah Small, a Wharton School psychologist, and Subodha Kumar, a Temple University professor of supply chain management — to explain this str...
The Philadelphia Inquirer