Thursday, Jul 19 2018 | Updated at 01:11 PM EDT

Stay Connected With Us F T R

Mar 28, 2017 08:56 AM EDT

Google could face a loss of up to $750 million due to a number of companies suspending their advertisement on Youtube. This is because they fear Google's lack of ability to prevent these companies marketing materials from appearing on videos with offensive content.

The boycott started when a number of companies reported seeing their ads placed on videos that show racist, sexist, an offensive content, which may tarnish their reputation. Companies like Johnsons & Johnsons, PepsiCo, AT&T, Volkswagen, McDonald's have officially suspended their advertisements on YouTube. As reported by The Guardian, Starbucks and even Walmart have also joined in with the boycott bandwagon shortly after the issue was put into public attention.

The issue first spilled over the media when The Times led an investigation which revealed that advertisement ads are automatically placed on YouTube videos that show extremist ideologies. Google was summoned to court in the United Kingdom to give light on this issue. Google uses highly sophisticated automation to handle the task of placing ads on YouTube videos. Because of the massive influx of videos on the said site, the task can't be done manually.

Watch video

However, because of this issue, Philipp Schindler, Chief Business Office in Google publicly apologizes, through a blogpost, for the fiasco and said that they will put in place changes that will give advertisers where they can place their ads. Schindler also added that Google will also hired more people to do this task and they hope that it will resolve this problem as quickly as possible.

Though many Youtube content creators are weary of the revamp Google will make as it might be the start of demonetization of many videos because of a blanket categorization of content, which Youtube may arbitrarily label as offensive. Youtube's revenue last year totaled $10.2 billion, and at the moment the issue broke, it has fallen 7.5%. If the issue Is not resolved fast, Youtube might be on the verge of dismantling.

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows Google, YouTube, Youtube boycott, Youtube Ads
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Controlling Robots With Brainwaves And Hand Gestures

Jun 23, 2018 AM EDTWhat if you can control robots with a simple flick of a finger? A team of experts is trying to make that a reality through this latest experiment.

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.