Exxon, Ben & Jerry's among buyers of $256 million in political ads on Facebook

By Munsif Vengattil and Paresh Dave (Reuters) - Facebook Inc's new searchable database of U.S. political ads reveals that companies such as Exxon Mobil Corp, Ben & Jerry's and Penzeys Spices are cumulatively spending millions of dollars to encourage voting and influence how Americans vote. Little data is typically published on specific companies' online ad spending, but Facebook's increased transparency about political activity on its service has opened a trove of details ahead of elections on Nov.

Reuters October 24, 2018 06:05:56 IST
Exxon, Ben & Jerry's among buyers of $256 million in political ads on Facebook

Exxon Ben amp Jerrys among buyers of 256 million in political ads on Facebook

By Munsif Vengattil and Paresh Dave

(Reuters) - Facebook Inc's new searchable database of U.S. political ads reveals that companies such as Exxon Mobil Corp, Ben & Jerry's and Penzeys Spices are cumulatively spending millions of dollars to encourage voting and influence how Americans vote.

Little data is typically published on specific companies' online ad spending, but Facebook's increased transparency about political activity on its service has opened a trove of details ahead of elections on Nov. 6. The social media network showed that $256.4 million was spent on political ads since May.

Alphabet Inc's Google and Twitter Inc have introduced similar databases. But compared to Facebook, Google covers a narrower set of advertisers and Twitter's tool is more difficult to use.

The database unveiled by Facebook on Tuesday, called the "Ad Archive Report," will provide weekly updates on how much advertisers are spending on Facebook ads that specifically, encourage voting or mention political races or issues of national importance.

That policy pulls in ads from official campaigns as well as paid posts containing a political dimension from boutique apparel makers, talk-show hosts and global firms.

Oil giant ExxonMobil has spent more than $2.1 million on Facebook ads since May, more than any corporation beside online petition service Care2.com Inc. ExxonMobil has promoted a campaign supporting offshore drilling and urged a "no" vote on a Colorado ballot measure that would limit fracking.

The company did not immediately respond to a request to comment.

Ben & Jerry's, a part of Unilever Plc, has spent more than $401,000 since May on various ads, including one supporting a Florida ballot measure that would let felons vote.

Jay Tandan, the ice cream maker's U.S. digital marketing manager, said the company welcomed the transparency.

"We’ve long stood up for our company values and used our tools as a business – including monetary expenditure and our social media presence – to support driving the change we hope to see in the world," Tandan said in an email.

Penzeys, a nationwide retailer of spices based in Wisconsin, has put $773,000 into ads calling on people to vote despite any political frustration they may have following the contentious Senate confirmation of Supreme Court Justice Brett Kavanaugh.

"Make your plan to vote, but please give thought to encouraging others to vote, too," one ad seen by at least hundreds of thousands Facebook accounts said. "Help them put together the ingredients they need for a healthy and satisfying voting experience."

Smaller firms are aiming to capitalize on the election too. California-based Concealed Online, which sells firearms training for concealed carry permits, has spent $1.76 million encouraging people in Texas, Florida and other states to apply before a possible shift in power brings gun restrictions.

To be sure, Facebook's transparency has limits. It privately requires government-issued identification from political ad buyers but allows them pseudoanonymity in public disclosures through vague names such as Be Registered LLC.

The tech companies' political spending databases arrived after the threat of regulation over the lack of disclosure on such spending.

Facebook also has faced a barrage of criticism from users and lawmakers after it said last year that Russian agents used its platform to spread misinformation before and after the 2016 U.S. presidential election, an accusation Moscow denies.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Cynthia Osterman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.