Could a growing advertising boycott hit the social media giants where it hurts?

In the battle against hate speech on social media platforms, large advertisers like Unilever, Starbucks, Coca Cola and Diageo have been pressured to halt advertising on Facebook, Twitter and Instagram.

Last year, Facebook alone made $US69.7bn ($101.2bn) in global ad revenue. News of the growing boycott was enough to wipe 8.3 per cent, or $US56bn, from its market cap on Friday.

Twitter and Snap were also down 7.4 per cent and 5.76 per cent, respectively.


To markets…

A confluence of shitty news saw US share markets fall sharply on Friday.

Texas and Florida paused drinking at bars and Arizona was the latest to report a fresh surge in COVID-19 infections.

Bank shares plummeted when the US Federal Reserve capped dividends and banned buybacks until September.

And a Wall Street Journal story also indicated that the ‘Phase 1’ US-China trade deal could be at risk.

The local bourse has followed the US lower in morning trade, with the ASX200 Index down 1.1 per cent to 5,839.1 points at 12pm EST.



Here are the best performing ASX small cap stocks at 12pm on Monday June 29:

Swipe or scroll to reveal the full table. Click headings to sort.

YOW Yowie Group 0.035 75.00% $7.6M
ADV Ardiden 0.007 75.00% $12.5M
AUT Auteco Minerals 0.14 75.00% $187.0M
ICG Inca Minerals 0.002 50.00% $4.1M
CDT Castle Minerals 0.012 50.00% $3.3M
GLA Gladiator Resources 0.002 50.00% $2.0M
MRR Minrex Resources 0.02 42.86% $3.9M
WWI West Wits Mining 0.018 28.57% $18.4M
GSN Great Southern Mining 0.125 26.26% $49.0M
MOH Moho Resources 0.105 31.25% $4.9M
MCT Metalicity 0.038 26.67% $41.8M
HWK Hawkstone Mining 0.014 27.27% $11.7M
AFR African Energy Resources 0.015 25.00% $7.5M
ENX Enegex 0.02 25.00% $1.6M
PNX PNX Metals 0.01 25.00% $25.4M
CAV Carnavale Resources 0.0025 25.00% $3.0M
SBR Sabre Resources 0.003 25.00% $1.7M
DHR Dark Horse Resources 0.003 50.00% $5.9M
CTM Centaurus Metals 0.42 25.37% $113.8M
TAR Taruga Minerals 0.028 21.74% $10.9M
VMT Vmoto 0.285 21.28% $72.3M
Wordpress Table Plugin


Junior gold stocks are killing it today.

Canada-based neighbours Ardiden (ASX:ADV) and Auteco (ASX:AUT) were up 75 per cent in morning trade, with the latter announcing a maiden high-grade resource of 830,000oz at 11.6 grams per tonne (g/t) gold from the Pickle Crow project.

Other goldies up on no (or minor) news include West Wits Mining (ASX:WWI), Great Southern Mining (ASX:GSN), Moho Resources (ASX:MOH), Hawkstone (ASX:HWK), and everyone’s new small cap favourite — Metalicity (ASX:MCT).

And shares in electric scooter manufacturer Vmoto (ASX:VMT) also got a boost this morning, after the company announced strong sales growth through to the end of May.



Here are the worst performing ASX small cap stocks at 12pm on Monday June 29:

Swipe or scroll to reveal the full table. Click headings to sort.

XST Xstate Resources 0.001 -50.00% $2.9M
BAS Bass Oil 0.001 -33.33% $5.0M
PWN Parkway Minerals 0.002 -33.33% $13.7M
PNN Pepinnini Minerals 0.001 -33.33% $1.6M
AMB Ambition Group 0.021 -30.00% $1.4M
KMT Kopore Metals 0.007 -26.32% $4.5M
TSL Titanium Sands 0.051 -25.00% $61.0M
RXH Rewardle Holdings 0.003 -25.00% $1.6M
IXU IXUP 0.014 -22.22% $3.1M
GRV Greenvale Energy 0.031 -20.51% $3.6M
CAD Caeneus Minerals 0.004 -20.00% $10.4M
LAW Lawfinance 0.032 -20.00% $30.9M
BMG BMG Resources 0.004 -20.00% $2.7M
FPL Fremont Petroleum 0.004 -20.00% $8.4M
AZI Alta Zinc 0.004 -20.00% $8.8M
JXT Jaxsta 0.034 -15.00% $8.4M
SUD Suda 0.036 -14.29% $5.1M
SYA Sayona Mining 0.006 -14.29% $14.8M
DDD 3D Resources 0.003 -14.29% $11.6M
CSE Copper Strike 0.034 -12.82% $3.6M
FEX Fenix Resources 0.075 -12.79% $23.8M
Wordpress Table Plugin