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 (ULVR.L).
(This story has been refiled to fix outlet’s title)
Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis