In response to companies halting advertising, Facebook executive Carolyn Everson said earlier this week the social networking platform is committed to purging hateful content from its services.
Our conversations with marketers and civil rights organizations are about how, together, we can be a force for good, said Everson, vice president of Facebook's global business group.
Facebook's market value dropped Friday by more than 8 per cent, or about $50 billion, as more companies said they would pause ads.
Twitter stock also dropped more than 7 per cent Friday.
Sarah Personette, vice president of global client solutions at Twitter, said Friday the company's mission is to serve the public conversation and ensure Twitter is a place where people can make human connections, seek and receive authentic and credible information, and express themselves freely and safely.
She added that Twitter is respectful of our partners' decisions and will continue to work and communicate closely with them during this time.
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