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Here's Every Major Corporation That's Pulled Ads From YouTube

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Here's Every Major Corporation That's Pulled Ads From YouTube

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s YouTube unit is facing serious backlash from advertisers after some companies have come forward and said that their brands are being shown in videos that contain offensive content from terrorist and hate groups.

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

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."

Who Else Is Pulling Ads?

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.

Related Links:

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'

Posted-In: Marks & Spencer Wall Street Journal YouTubeNews Movers Tech Media Trading Ideas Best of Benzinga

 

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