Summarized, several months ago Target implemented a new policy to allow transgender people to use the bathroom in which they identify their gender to be.
Public outcry regarding safety concerns has decimated their stock prices and Target's future looks bleak.
Stock info:
March 31st, 2016: Stock Price - $85
May 12th, 2016: Stock Price - $75
Lost $5 billion USD under 2 months.
Their current CEO is still defending their stance in this matter, and I'm quite surprised he still has a job.
I extol Target for putting up a good effort in their unwavering commitment in this fight for transgenderism rights, but from an economic point of view, I'd have fired their CEO months ago.
At this rate, Target will be out of business soon :\
Thoughts?
Public outcry regarding safety concerns has decimated their stock prices and Target's future looks bleak.
Stock info:
March 31st, 2016: Stock Price - $85
May 12th, 2016: Stock Price - $75
Lost $5 billion USD under 2 months.
Their current CEO is still defending their stance in this matter, and I'm quite surprised he still has a job.
I extol Target for putting up a good effort in their unwavering commitment in this fight for transgenderism rights, but from an economic point of view, I'd have fired their CEO months ago.
At this rate, Target will be out of business soon :\
Thoughts?
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