logo
Meta is absent from SF Pride this year, as tech industry retreats from public support of LGBTQ+

Meta is absent from SF Pride this year, as tech industry retreats from public support of LGBTQ+

CNBC10 hours ago

Meta CEO Mark Zuckerberg is staying mum these days when it comes to the LGBTQ+ community. It wasn't always that way.
San Francisco Pride Executive Director Suzanne Ford told CNBC she remembers when Zuckerberg personally called the nonprofit to ensure that the company then known as Facebook had a spot at the annual event. As the world's largest LGBTQ+ parade, the SF Pride event has become a symbol representing advocacy and social justice for members of the community.
In 2015, SF Pride was prohibiting Facebook from marching at the event because of the company's policies that required people to use their legal names on the social network, Ford said. Members of the LGBTQ+ community were worried that bad actors were exploiting the company's account policy by reporting transgender Facebook users and others who no longer identify by their legal names.
After Facebook updated the policy, Zuckerberg called SF Pride's then-executive director George Ridgely to ask him that Facebook be included in the parade, Ford said.
The relationship between SF Pride and Meta has since splintered.
SF Pride formally cut ties with Meta in March after the company enacted a number of new policies, including a scaling back of internal programs designed to increase hiring of diverse candidates, which CNBC reported in January.
Meta also eased content-moderation guidelines as part of its policy changes, which multiple current and former employees told CNBC could instigate more online abuse toward marginalized communities, including members of the LGBTQ+ community. Zuckerberg has also made an effort to curry favor with President Donald Trump, who signed an executive order in January calling for investigations into companies that support diversity, equity and inclusion, or DEI, initiatives.
Since the organization's decision to end its relationship with Meta, Ford said that she hasn't heard from Zuckerberg or anybody that SF Pride used to have a relationship with at the company.
Meta will not be taking part in this year's SF Pride festival, set to take place this weekend at San Francisco's Civic Center. The annual parade will be held on Sunday, according to the event's website. The theme for 2025 is "Queer Joy is Resistance."
"Why was it so important for Mark back then, and why is it so important for Mark now not to be associated with San Francisco Pride?" Ford said.
Meta declined to comment.
Meta isn't the only company distancing itself from SF Pride. Other major companies like Anheuser-Busch, Comcast, Diageo and Nissan are also no longer sponsoring SF Pride after years of support, CNBC previously reported.
Given that SF Pride shares a geographic center with Meta and so much of the tech industry, the lack of support for the LGBTQ+ community after years of public trumpeting cuts especially deep, Ford said. Google-parent Alphabet has also stopped sponsoring SF Pride this year, she said.San Francisco represents both the "home of innovation" for the tech industry and the "home and the birthplace of the LGBTQ community in the United States," said Ford, adding that it's no mistake why so much innovation comes from the region.
"Creative and wonderful people want to come to San Francisco — it's not the drinking water — but they come here because you can be yourself here," she said. "You can love who you love, you can be who you are and you don't have to march to any certain drumbeat."
Tech companies represent a little over 15% of SF Pride's overall sponsorship funding for the event. The organization's budget is down $180,000 from their target because of a drop of overall corporate sponsors, a spokesperson told CNBC on Wednesday.
There are still large tech sponsorships from the likes of Apple, Amazon and Salesforce, but otherwise, there's a palpable silence from the tech industry this year about supporting LGBTQ+ causes, Ford said.
For instance, Ford said that in previous years, her time was often spent speaking to tech companies' employee resource groups in the lead-up to SF Pride, but she has yet to receive any invitation of that kind this year.
Ford said she also hopes that OpenAI CEO Sam Altman, who married his partner Oliver Mulherin in 2024, will be more vocal about supporting the LGBTQ+ community and SF Pride. Ford said she briefly met Altman a few months ago to discuss SF Pride, but she has not heard from him since.
"One would think that OpenAI here in San Francisco, that they would think that they should be supporting the fabric of the community," said Ford, adding that the lack of support from OpenAI and Altman is "painful because Sam is a member of our community, and he certainly has resources."
OpenAI declined to comment.
Prominent tech companies like Meta, Amazon and Uber have posted rainbow-coated messages on their websites and social media accounts in years past to show support for Pride Month, which is observed in June, but this year, tech companies' online presence are noticeably less colorful.
The threat of a lawsuit coupled with the possibility of a public tongue-lashing by Trump, other politicians and social media has caused many tech leaders and corporate executives to stay quiet on LGBTQ+ issues, said Amy Dufrane, CEO of human resource certification organization HRCI.
"Anything that touches the space of DEI, we're seeing companies pull back from that out of fear," she said.
Executives who support LGBTQ+ and related DEI issues are doing so under the radar to avoid drawing attention, Dufrane said. For example, a spokesperson for SF Pride said that two tech companies have recently donated to the organization but want to remain anonymous. Ford declined to name the tech companies.
"Sometimes people in our community assume there's no good, there's no one at these corporations that cares about us," Ford said. "Sometimes they do, and they don't want the consequences of caring about us."
Ford said that the door is still open for Zuckerberg to contact SF Pride, but ultimately, it would be up to the nonprofit's board to decide the next steps. Ford said that Zuckerberg would likely have to make a "commitment to some things that I don't think that he would be willing to do."
"We have got to leave space for people to change, we got to leave space like if at Meta there's a leadership change or they come to the realization that this is just bad, the track they're going down is wrong," Ford said. "I want to leave space for them to come and have a discussion with us and to show us that they are in line with our values."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BankUnited, Inc. to Announce Second Quarter Results
BankUnited, Inc. to Announce Second Quarter Results

Business Wire

time30 minutes ago

  • Business Wire

BankUnited, Inc. to Announce Second Quarter Results

MIAMI LAKES, Fla.--(BUSINESS WIRE)--BankUnited, Inc. (NYSE: BKU) announced today that financial results for the quarter ended June 30, 2025 will be made public in a news release on Wednesday, July 23, 2025 prior to the market opening. A conference call to discuss quarterly results will be held at 9:00 a.m. ET that day with Chairman, President and Chief Executive Officer, Rajinder P. Singh, Chief Financial Officer, Leslie N. Lunak and Chief Operating Officer, Thomas M. Cornish. The earnings release and supplemental information will be available on BankUnited's Investor Relations page prior to the call at The live webcast can be accessed via the Event Calendar section of the Investor Relations page at Upcoming Events | BankUnited, Inc. The Company suggests participants to sign in at least 15 minutes in advance of the call. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at: For those unable to join the live event, an archived webcast will be available on the Investor Relations page at approximately two hours following the live webcast. BankUnited, Inc. (NYSE: BKU), with total assets of $34.8 billion at March 31, 2025 is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, New York metropolitan area and Dallas, Texas and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit BankUnited can be found on Facebook at and on X @BankUnited.

TNB Tech Minute: Amazon Expands Prime Services to Rural America - Tech News Briefing
TNB Tech Minute: Amazon Expands Prime Services to Rural America - Tech News Briefing

Wall Street Journal

time34 minutes ago

  • Wall Street Journal

TNB Tech Minute: Amazon Expands Prime Services to Rural America - Tech News Briefing

Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Speaker 1: Here's your TNB Tech minute for Tuesday, June 24th. I'm Victoria Craig for the Wall Street Journal. 4,000 small towns and cities across the US will be able to order same and next-day delivery from Amazon by the end of this year. The announcement comes after the company said in April that it's investing more than $4 billion to expand its rural delivery network. Over in the UK, Amazon says it plans to invest $54 billion over the next three years to expand its warehouse network and AI infrastructure to bulk up ecommerce and cloud operations. That, the company says, will create thousands of jobs. Elsewhere, artificial intelligence startup, Abridge, which automates doctor's note-taking, said it raised $300 million in its latest funding round. That values the company at $5.3 billion. Abridge's technology is used in more than 150 large health systems nationwide and has been lauded for reducing physician burnout. The company says the funding will allow it to hire scientists, machine learning experts, and software developers who will focus on new product development and building advanced AI infrastructure to support large customers. And finally, Britain's antitrust regulator said today it's proposing to designate Google as having strategic market status in general search and search advertising. The move paves the way for measures that could change how the tech giant operates. If confirmed, after a consultation, early priorities for the regulator would include requiring giving users choice between search providers, ensuring businesses that appear on Google Search are treated with fair ranking principles. A final decision will be made in October. And Google said it will continue to work constructively with the regulator. For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing podcast.

Markets Unfazed by Geopolitical Tensions: ETFs to Consider
Markets Unfazed by Geopolitical Tensions: ETFs to Consider

Yahoo

timean hour ago

  • Yahoo

Markets Unfazed by Geopolitical Tensions: ETFs to Consider

U.S. involvement in the Israel-Iran conflict was expected to be a major geopolitical turning point. On the contrary, following U.S. strikes on Iranian nuclear facilities, investors and markets have remained largely composed, whereas normally, such events would trigger a rush into safe-haven assets. Markets have reacted far less aggressively to the U.S. strikes, especially when compared to Israel's strikes on Iran just over a week ago. Even though the latest development in the conflict is significant, industry experts agree that they do not pose a systemic threat to global markets. According to Dan Ives, managing director at Wedbush, the escalating conflict in the Middle East is expected to be isolated to the region, while making the region more stable as the nuclear threat is neutralized, as quoted on CNBC. According to strategists at Morgan Stanley, as quoted on Yahoo Finance, market selloffs triggered by geopolitical events tend to be short-lived. Per Morgan Stanley, past geopolitical risk events have triggered short-term volatility in equities, but historically, the S&P 500 has posted average gains of 2% after one month, 3% after three months and 9% after a year following such events. In response to U.S. strikes, Iran has limited options, one of which includes the potential closure of the Strait of Hormuz. According to Iranian state media, as quoted on CNBC, Iran's parliament approved the closure of the Strait of Hormuz. This would not be an ideal scenario for the global economy as oil prices would rise sharply and drive broader inflation. However, this remains highly unlikely. According to CNBC, the threat to shut down the Strait of Hormuz has been a recurring element of Iran's rhetoric, but it has never been carried out, with experts saying it remains an unlikely scenario. Investors can consider increasing their exposure to funds tracking major indexes like the S&P 500, providing them with the growth potential of the market, as well as diversifying their portfolio. According to Morgan Stanley strategists, a weaker dollar and improving earnings growth are supporting U.S. markets, as quoted on Yahoo Finance. In such an economic environment, investors should keep a long-term investment horizon and look past short-term market fluctuations. Investors can consider Vanguard S&P 500 ETF VOO, SPDR S&P 500 ETF Trust SPY, iShares Core S&P 500 ETF IVV, SPDR Portfolio S&P 500 ETF SPLG and Invesco S&P 500 Equal Weight ETF RSP. VOO, SPY and IVV are among the largest funds in the United States, with VOO having the largest asset base of $681.56 billion, followed by SPY and IVV, with an asset base of $604.78 billion and $574.05 billion, respectively. Both VOO and IVV are the cheapest options and more suitable for long-term investing, charging 0.03%, and sporting a Zacks ETF Rank #1 (Strong Buy). With a one-month average trading volume of about 73.88 million shares, SPY is the most liquid option, offering investors easier entry and exit while minimizing the risk of significant price fluctuations, ideal for active trading strategies. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Vanguard S&P 500 ETF (VOO): ETF Research Reports Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports SPDR Portfolio S&P 500 ETF (SPLG): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store