đ„ $227M Lost and Brands on the Run: BDS and Boycotts Are Reshaping Global Markets! âđ
This week, the power of collective action made waves worldwide as boycott campaigns against Israeli-linked corporations delivered staggering financial losses and forced major brands to rethink their practices. With $227 million in combined revenue drops and partnerships collapsing under public pressure, itâs clear: boycotts work.
Letâs break down the big wins and the numbers behind the movement.
đŻ 1. Oostoâs $227 Million Failure
Oosto (formerly AnyVision), the controversial Israeli facial recognition startup, raised $352 million in funding over its lifetime. But this week, it sold for a measly $125 millionâa 64% loss for investors.
Why the collapse?
- Oostoâs tech was linked to surveillance of Palestinians in the West Bank, sparking global outrage.
- Microsoft pulled its investment after public backlash, and the company was forced to rebrand.
- Even after layoffs and a pivot to financial sector clients, Oosto couldnât recover.
đĄ The takeaway: Public pressure from BDS campaigns works. Investors lost millions, and the message is clearâcomplicity in apartheid doesnât pay.
đ” 2. Barclays Kicked Out of The Great Escape Festival
Barclays bank, known for its investments in companies supplying weapons to Israel, faced a major boycott win this week. More than 130 artists refused to perform at The Great Escape Festival in the UK, and Barclays is no longer a sponsor for the 2025 event.
The numbers:
- Barclays has faced criticism for financing arms companies that support Israelâs military.
- Over 1,200 artists, including Massive Attack and IDLES, have signed petitions against Barclaysâ festival sponsorships.
đž Bands Boycott Barclays, the group behind this movement, is doubling down on efforts to push Barclays out of the music industry entirely. This victory is just the start.
đ 3. McDonaldâs and Starbucks Hit Where It Hurts
In Malaysia, BDS campaigns are gaining traction, targeting brands like McDonaldâs and Starbucks. Despite the recent ceasefire in Gaza, activists are continuing the boycott, emphasizing that a ceasefire doesnât end systemic apartheid and occupation.
Whatâs happening:
- McDonaldâs stock was downgraded this week, with its price target cut to $336âreflecting increasing challenges in maintaining global consumer confidence.
- Starbucks, owned locally in Malaysia, is losing market share to regional competitors, with pro-Palestinian boycotts fueling a surge in local alternatives.
đ Global brands are feeling the heat, and local businesses are stepping up to take their place.
đ± 4. Unileverâs Market Share Tanks in Indonesia
Unilever, a longtime household name, is seeing its market share in Indonesia plummet, falling to just 34%, down from 38% a year earlier. The culprit? A combination of shifting consumer behavior and sustained boycott campaigns over its ties to Israel.
The stats:
- Unileverâs net profit dropped 18% in Q3 2024 compared to the same period in 2023.
- Its stock price has plummeted 84% from its peak in 2018.
- Local competitors like Wings Group and Mayora are thriving, with sales of their personal care and food products rising 22% in key e-commerce markets.
This proves that boycotts not only hold corporations accountableâthey also create opportunities for local businesses to flourish.
đ„ Boycotts Are Just the Beginning
These wins show the strength of BDS campaignsâbut this is only the start. The recent ceasefire in Gaza doesnât mean justice has been served. Palestinians remain under occupation, apartheid persists, and the fight for liberation continues.
Hereâs how YOU can help:
đ Download Boycat:
Boycatâs app makes it easy to identify brands complicit in Israeli apartheid and find ethical alternatives. Plus, check out Buycat.shop, where you can shop guilt-free and support businesses aligned with justice.
đą Stay Loud:
- Spread the word on social media.
- Continue boycotting brands like McDonaldâs, Starbucks, and Unilever.
- Support local businesses that align with Palestinian liberation.
đ Together, Weâre Making History
Every dollar redirected, every protest, and every public action adds up. This weekâs winsâ$227 million lost by unethical corporations, hundreds of artists standing in solidarity, and local brands risingâare a testament to the power of people refusing to stay silent.
Letâs keep the momentum going. Boycotts arenât the endâtheyâre the beginning of systemic change.