Fact Or Faux: Pepsi Donated $100m To Black Lives Matter
In August 2020, social media users started circulating the information that PepsiCo was donating $100M to the black lives matter movement. This news is false.
The news can be traced back to the death of George Floyd in police custody. This event prompted a nationwide protest against police brutality and agitation for the defunding of the police. Since then, the movement has faced a number of criticisms some of which are accompanied by outlandish claims.
Unfortunately, this is not the first incident of this case. In June 2020, posts claiming that PepsiCo donated $400M to Black Lives Matter among other donations by Walmart ($100M), Apple ($100M), Comcast ($100M) and Bank of America ($1B) started circulating on social media.
One of these social media posts read; "Hey! Did you donate this money to BLM? (The marxist terror organization that raises money for the DNC). If so, you are TRAITORS!'
In July, we debunked the claim about Bank of America giving $1B to the Black Lives Matter movement and expounded that the areas in which they are going to use the donation include; "virus testing, flu vaccine clinics, job training, skill-building, housing assistance as well as support for minority-owned businesses and with a focus on improving economic mobility".
In August, the amount went down to $100M for pepsico but its origin is from a July 16 edition of Lou Dobbs show on Fox business where he displayed a list showing the Fortune 500 companies that have pledged to "Black Lives Matter".
Even though Lou Dobbs made certain clarifications to his statement the next day on his show, Twitter and Facebook that the money were not pledges to the BLM movement per se, but pledges to invest in black owned businesses and help to address racial injustice as well as inequality.
However, this did not dissuade the circulation of the original list and its attribution to Black Lives Matter on social media. Nevertheless, the announcement made by Bank of America, PepsiCo, Walmart and Comcast about the donations can be seen on their websites while Apple's announcement can be found on Twitter
Thus, social media posts claiming that PepsiCo donated $100M or $400M to Black lives matter are wrong.