Facebook braced for $76m sales slump after ad boycott over hate speech

Facebook’s growing advertiser boycott could cost it almost $76m (£61.6m) after major companies joined in the protest against its hate speech policies. Coca-Cola, Honda, Hershey’s chocolate and Unilever, the world’s largest advertiser, all said on Friday they would freeze or cut US spending on Facebook and sister service Instagram, wiping an estimated $56bn from the social media giant’s value. Based on current pledges, that would deprive the social media giant of ten