Jun.29 — Starbucks and Diageo followed Unilever, Coca-Cola Co.and several other companies in saying they will cut ad spending on Facebook, part of an exodus aimed at pushing the company and its peers to limit hate speech and posts that divide and misinform. Bloomberg’s Kailey Leinz reports on “Bloomberg The Open.”
In This Story: Coca-Cola
The company produces Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton. In 1889, the formula and brand were sold for $2,300 (roughly $67,000 today) to Asa Griggs Candler, who incorporated The Coca-Cola Company in Atlanta in 1892.
The company has operated a franchised distribution system since 1889. The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The company owns its anchor bottler in North America, Coca-Cola Refreshments.
The company’s stock is listed on the NYSE and is part of DJIA and the S&P 500 and S&P 100 indexes. Revenue US$37.27 billion (2019).
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In This Story: Unilever
Unilever (LON: ULVR) is a British–Dutch multinational consumer goods company, headquartered in London and Rotterdam.