Sounds like Verizon's Facebook advertising spend is losing value because of COVID-19, so they're using this a way to redirect focus away from the negative impact on their business. All of the companies doing this right now are 'pausing spend' rather than redirecting. They're reducing their marketing budgets and pointing the finger at Facebook so no one looks too closely at the implications of their reduced ad spend.
Consumer facing telco is booming right now. TMobile has a purple ice cream truck selling phones in my neighborhood.
What is the PR hit of reducing ad spend anyway? Ads are the most liquid corporate spend, it dries up in days if not producing a return.