The scandal started in the United Kingdom, and several local brands, including Marks & Spencer, pulled their ads from YouTube. However, American brands, including Verizon Communications Inc. (NYSE:VZ) and Johnson & Johnson (NYSE:JNJ) have followed suit.
General Motors Issues A Statement
Who Else Is Pulling Ads?
Some Early Fallout As EU Officials Demand Changes To Social Titans' Codes Of Conduct Advertising Community Says Google's YouTube Ad Scandal 'A Real Issue'In a statement to Benzinga, General Motors Company (NYSE:GM) confirmed it has suspended ads on YouTube until "Google can adhere to our brand standards."
A Bloomberg report dated March 24 listed American brands who have also decided to pull their ads from YouTube:
- Verizon.
- Johnson & Johnson.
- PepsiCo, Inc. (NYSE:PEP).
- Starbucks Corporation (NASDAQ:SBUX).
- Wal-Mart Stores Inc (NYSE:WMT).
A Wall Street Journal report further noted the following companies have also pulled their ads on the video streaming platform.
- The Coca-Cola Co (NYSE:KO).
- DISH Network Corp (NASDAQ:DISH).
- Twenty-First Century Fox Inc (NASDAQ:FOXA)'s FX Networks.
- AT&T Inc. (NYSE:T).
Also, Toyota Motor Corp (ADR) (NYSE:TM) and Microsoft Corporation (NASDAQ:MSFT) were said to be monitoring the situation closely but have not made a decision to pull ads.
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