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I ignore boycotts because they tend to affect the common employees of the targeted company more than the CEOs they're aimed at. Congrats, you clicked on Brand X instead of Brand Y. Your uncle got laid off when the quarterly numbers went down, but a billionaire has $3 less now, and more importantly you feel like a hero. Way to go, Joan of Arc!
The $3 is going to another company so someone will be less likely to be laid off at that company. And if you're boycotting companies that treat employees unfairly, it will mean companies that treat their employees more fairly will be selling more and would be hiring more people. End result is more people working at fair companies and fewer people working at shitty companies. This is a net benefit.
And it's not just $3 it's $3 multiplied by all of the people participating in the boycott.
And yes boycotts actually do work. I'm in Canada and boycotts are kinda our thing here, and we're already seeing a change in products being stocked on shelves now because the products from a certain country are selling so poorly. If boycotts don't work where you live it's because others have bought into the same bullshit that you have. They work if enough people do it, and if you're not doing it, you're part of the reason why it doesn't work.