Verizon suspends advertising on Facebook, joins growing boycott
Sounds like Verizon's Facebook advertising spend is losing value because of COVID-19, so they're using this a way to redirect focus away from the negative impact on their business.All of the companies doing this right now are 'pausing spend' rather than redirecting. They're reducing their marketing budgets and pointing the finger at Facebook so no one looks too closely at the implications of their reduced ad spend.