Pepsi joining Facebook ad boycott, FOX Business Network reports

(Reuters) - PepsiCo Inc (NASDAQ: PEP) will stop advertising on Facebook Inc (NASDAQ: FB), FOX Business Network reported https://www.foxbusiness.com/markets/pepsi-facebook-ad-boycott on Sunday, citing sources.

The halt on advertising will run through July and August, the report said. Sources described the move as a "global boycott" on placing Facebook ads, the report said.

PepsiCo did not immediately respond to a request for comment from Reuters.

The food and beverage company joins a growing number of companies pulling ad dollars from Facebook, including ice-cream maker Ben & Jerry's and Unilever PLC .

(This story has been refiled to fix outlet's title)

(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)

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