Facebook cracks down on Trump

Hi! Welcome to the Insider Advertising daily for January 8. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at LJohnson@businessinsider.com.

Today's news: Facebook suspends Trump, Shopify removes Trump stores, and investors pick the top DTC brands poised to take off in 2021.

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Donald Trump Mark Zuckerberg

Chip Somodevilla/Getty Images/JOSH EDELSON/AFP via Getty

Facebook suspends Trump until the end of his presidency

• Facebook has blocked President Donald Trump "indefinitely," CEO Mark Zuckerberg said in a post on Thursday after violent pro-Trump extremists stormed the US Capitol on Wednesday.
• "We believe the risks of allowing the President to continue to use our service during this period are simply too great," Zuckerberg wrote in his post.
• Snapchat also said it locked Trump's account.

Read the full story here.

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Rafael Henrique/SOPA Images/LightRocket via Getty Images

Shopify removed accounts associated with President Trump, including his official campaign store

• Following the siege at the US Capitol building, Shopify removed stores affiliated with President Donald Trump.
• "Based on recent events, we have determined that the actions by President Donald J. Trump violate our Acceptable Use Policy," a Shopify spokesperson told Insider. 
• Rioters wore "Make America Great Again" and Trump 2020 merchandise while sieging the Capitol building on Wednesday.

Read the full story here.

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Parade

Investors from Greycroft, Lerer Hippeau, and others say these 20 direct-to-consumer startups will take off in 2021

• Tanya Dua asked 20 investors which DTC companies they think will take off this year and why.
• While some direct-to-consumer upstarts faced headwinds in 2020 due to the pandemic, others are cropping up in a variety of categories.
• The investors named companies like Parade, Clare, and Fable Pets.

Read the full story here.

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More stories we're reading:

• Top CEOs may cut off funding to Republicans who have supported Trump's election challenge: 'Money is the key way' (Business Insider)
• Top healthcare marketing firm W2O just snapped up two more companies as it seeks to become a data juggernaut that can compete with consultancies like Accenture and Cognizant (Business Insider)
• This martech company just raised $200 million at a valuation north of $1 billion. Read the pitch deck that helps it grab prospective clients. (Business Insider)
• How Apple, Google, and other browser makers are quietly duking it out over the future of the web (Business Insider)
• News publishers expect advertisers to return to news after Trump's departure (Digiday)
• Comscore nears deal with Charter, Qurate Retail and Cerberus (Wall Street Journal)

Thanks for reading and see you on Monday! You can reach me in the meantime at LJohnson@businessinsider.com and subscribe to this daily email here.

Read the original article on Business Insider