Target has started experiencing financial issues as their stock fell 11% between May 20-25, 2023, following an unsuccessful “emergency meeting.”
Target’s stock is down 10.88% in the last week. Keep it up. pic.twitter.com/JT666jktUh
— Rosie’s Raytheon Refund (@DarnelSugarfoo) May 24, 2023
From Fox Business:
Shares [for Target] slipped 2.7% on Wednesday and have dropped more than 9% this month, with 6% of that decline this week alone, as tracked by Dow Jones Market Data Group. That amounts to $4.2 billon in market value.
Over the same time frame, the S&P 500 has dropped just over 1%.
Target maintained its passive-aggressive stance towards conservatives when asked by the news network about the recent stock slide.
“For more than a decade, Target has offered an assortment of products aimed at celebrating Pride Month,” a Target spokesperson told Fox News Digital. “Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of safety and well-being while at work. Given these volatile circumstances, we are making adjustments to our plans, including removing items that have been at the center of the most significant confrontational behavior. Our focus now is on moving forward with our continuing commitment to the LGBTQIA+ community and standing with them as we celebrate Pride Month and throughout the year.”
The Pride collection’s public release has caused Target’s market value to decrease by $9 billion, as reported by the New York Post.
“I think that Target really soon is about to find out what happens when conservatives shop or rather don’t shop, because they are about to get Bud Light-ed,” Lahren told Fox News host Sean Hannity on Tuesday.
It is possible that the success of these boycotts may lead some on the left to falsely accuse conservatives of intentionally damaging the economy in the future.
An internal email was also leaked that didn’t help their case.
BREAKING: I have obtained the internal email that @Target sent to their employees following the Pride month disaster that has caused them to lose $9B in one week, where is goes from standing with the “LGBTQIA+ community” to the anniversary of George Floyd lmfao. pic.twitter.com/GQVgrdmHDv
— Greg Price (@greg_price11) May 25, 2023
