Headline: "Verizon suspends advertising on Facebook, joins growing boycott"
Root Comment: "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."
Parent Comment: "Why is it impossible that Verizon is responding, at least in part, to public pressure against Facebook?"
Your Comment: "I suspect you might not get an answer to this since it's not something anyone has actually said here."
I read this the way the parent commenter read it as well: everyone is explicitly avoiding the notion that Verizon may be doing this because they feel like that is best for their public image. What I can't tell is if you're asserting that no one will answer because everyone is coming up with other ideas that seem to avoid the obvious, or if you think the parent commenter is asking a baseless question.
Verizon's earnings are down something like 3% YTD from their guidance [0] and their stock price is down 10%. Fortune 500 companies do not prioritise doing social good over profits when their share price is down 10%. Too many people are losing too much money; these are numbers that are supposed to go up.
It is obvious Verizon is taking action in context of the Facebook boycott because they've told us that in a press release. But it is a very safe bet that the decision is made accompanied by data that says "Facebook ads have not been especially cost effective for us over the last 12-18 months" and was probably already a decision in the works prior to learning about the boycott.
There are ~8 billion people in the world. Corporate executives are the tiny fraction of that population who are both hyper-competent and hyper-motivated by money. They did not suddenly wake up this morning and decide to try and do more good in the world than they were yesterday, and the odds are bad that they made this call based on nebulous "oh there is a boycott this month we just realised Facebook is nasty" style considerations.
> I read this the way the parent commenter read it as well: everyone is explicitly avoiding the notion that Verizon may be doing this because they feel like that is best for their public image. What I can't tell is if you're asserting that no one will answer because everyone is coming up with other ideas that seem to avoid the obvious, or if you think the parent commenter is asking a baseless question.
I think at this point most (if not the vast majority) of people think it a baseless question. Not because they think that it's impossible that Verizon/Verizon employees/Verizon executives/etc care but because non-human legal entities have lost all benefit of the doubt and credibility over the last few decades. The dominance of shareholder primacy has all but guaranteed it.
Even if the decision makers or even the majority of Verizon cares about this issue now, natural executive/employee turn over guarantees that they will go back to spending money with Facebook as long as there is a financial incentive to do so - sooner rather than later.
Root Comment: "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."
Parent Comment: "Why is it impossible that Verizon is responding, at least in part, to public pressure against Facebook?"
Your Comment: "I suspect you might not get an answer to this since it's not something anyone has actually said here."
I read this the way the parent commenter read it as well: everyone is explicitly avoiding the notion that Verizon may be doing this because they feel like that is best for their public image. What I can't tell is if you're asserting that no one will answer because everyone is coming up with other ideas that seem to avoid the obvious, or if you think the parent commenter is asking a baseless question.