Skip to main content

SAP joins the growing ad boycott against Facebook, even as the new CEO says it's 'time to stand up against racism' (SAP)

* SAP says it will suspend advertisements on Facebook and Instagram as it endorsed the "Stop Hate for Profit" campaign against the social network. * "We will suspend all paid advertisements…until the company signals a significant, action-driven commitment to combating the spread of hate speech and racism on its platforms," the company said in a statement.  * Major companies, including Coca-Cola, Starbucks and Unilever, have pulled ads on Facebook in the wake of the mass protests against racism following the killing of George Floyd.  * Facebook has been criticized for allowing President Trump to post what many consider hateful content that also incited violence. * In a recent interview with Business Insider, SAP CEO Christian Klein had cited the rise of racism as one of the issues he worries about.  "It's really now time to stand up against racism. For way too long, we've just ignored that. All of us were too silent about that." * Click here for more BI Prime stories. Tech giant SAP says it has joined the "Stop Hate for Profit" campaign against Facebook and will suspend all paid advertisements on the social network. SAP, one of the biggest enterprise software companies in the world, said it will also stop advertising on Instagram, which Facebook owns.   "We will suspend all paid advertisements…until the company signals a significant, action-driven commitment to combating the spread of hate speech and racism on its platforms," the company said in a statement.  "For real, meaningful change to occur, we must recognize, acknowledge and address our own role in the systems that perpetuate systemic racism." In an interview with Business Insider earlier in June, SAP's CEO Christian Klein had pointed to the rise of racism as one of the issues he's concerned about. "I see the news every day about what is happening in the US," he said. "It's really now time to stand up against racism. For way too long, we've just ignored that. All of us were too silent about that." SAP joins other major corporations, including PepsiCo and Hewlett-Packard, that have pulled their ads from Facebook or Instagram in the wake of the mass protests against racism sparked by the killing of George Floyd. Facebook CEO Mark Zuckerberg has been criticized for declining to take any action on posts by President Donald Trump on the social network that appear to encourage violence towards protesters.   Got a tip about SAP or another tech company? Contact this reporter via email at bpimentel@businessinsider.com, message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop. Claim your 20% discount on an annual subscription to BI Prime by clicking here. SEE ALSO: These 12 artificial intelligence startups are poised for success, particularly in a post-COVID world, according to experts SEE ALSO: The CEO of SAP on why having 2 chief execs didn't work out for the tech giant amid the coronavirus crisis: 'You have to make fast decisions. You cannot wait forever.' SEE ALSO: Here's why $12.4 billion cloud startup Snowflake's reported IPO plans could make it 'the blockbuster enterprise listing for 2020' Join the conversation about this story » NOW WATCH: Why electric planes haven't taken off yet
https://bit.ly/2Aj0EVD

Popular posts from this blog

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...
Read more

'What is the X-Ray feature on Amazon Prime Video?': How to find and view bonus material about TV shows and movies

* X-Ray is an exclusive feature on Amazon Prime Video that displays bonus material about a show or movie, similar to the bonus features on a DVD. * X-Ray can show you information about the actors in a scene, the musical soundtrack, trivia, and more. * To activate X-Ray, you generally only need to click or tap within a video that's currently playing.   * Visit Business Insider's Tech Reference library for more stories. Amazon Prime Video's X-Ray feature is, at least for now, not available on any other video streaming service. X-Ray works like the bonus features you find on a DVD or Blu-ray. With just a few clicks or taps, you can get additional information about many of the TV shows and movies on Prime Video. When you activate X-Ray, Prime displays an overlay on top of your show, offering additional information.  Check out the products mentioned in this article: Amazon Prime Video ($8.99 a month at Amazon) Roku (from $49.99 at Roku) There are several kinds of info...
Read more

Here are the 9 health-tech startups that got coronavirus stimulus loans to keep workers employed during the pandemic

* The Paycheck Protection Program, created by Congress as part of a $2 trillion coronavirus bailout, helped small businesses stay afloat as they struggled economically during the pandemic.  * Businesses were allowed to qualify for up to $10 million in loans.  * On Monday, the Trump administration released the list of companies that borrowed most of the money. We spotted some applications from health-tech companies among their ranks, many of which are backed by venture capital firms.  * Companies that applied for loans include ZocDoc, HealthTap, Bright.md, and Wildflower Health. * For more stories like this, sign up here for our healthcare newsletter, Dispensed. Health-tech startups were among the recipients of federal loans intended to help small businesses stay afloat during the coronavirus pandemic.  Several of the startups have raised tens of millions from venture capital firms. Still, their business models became strained amid the pandemic, they told Business Insider.  Eve...
Read more