WSJ News Exclusive | Facebook Parent Meta Pulls Out of Sponsorship Deal for U.S. 250th Anniversary Project

WASHINGTON— Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., a project beset by internal strife and facing a discrimination lawsuit filed by female former executives. Meta said in March it would review its ties to … Read more

Bengals, Rams and Bitcoin: Crypto Ads Invade the Super Bowl

Who will dominate Super Bowl LVI? Madison Avenue’s money is on crypto. The largest U.S.-based exchange, Coinbase Global Inc., COIN 7.24% will be running a spot, according to a person familiar with the matter, as well as exchanges FTX and Canadian exchange Bitbuy has an ad during the Canada broadcast. Newsletter Sign-up The 10-Point. … Read more

Coke Goes Big on Olympics Sponsorship in China. At Home, Not So Much.

Coca-Cola Co. KO 0.54% has been an Olympics supporter for nearly a century. It counts China as its third-largest market after the U.S. and Mexico. Coke’s challenges heading into the Winter Games are in some ways representative of those of other Western sponsors, and in some ways distinct. Here is a look at the company’s … Read more

Winter Olympics Sponsors Caught Between Beijing, U.S.

With less than two weeks to go before the start of the Winter Games in Beijing, several Olympics sponsors are skipping what is usually an Olympics-themed advertising blitz. In 2018, Visa Inc. revved up its Olympic marketing campaign months before the Winter Olympics in Pyeongchang, South Korea. It marked the 100-day countdown to the torch … Read more

Canadian Charity Ensnared in Trudeau Ethics Scandal to Shut Down

OTTAWA—The Canadian charity at the center of a summer scandal engulfing Prime Minister Justin Trudeau and members of his Liberal administration is shutting down, attributing the decision partly to the ensuing political fallout. Toronto-based WE Charity said Wednesday it would wind down its Canadian operations, citing the loss of corporate sponsors and an expected drop … Read more