Target Loses Billions in Market Value After Boycott Over LGBT-Themed Products
Posted on AllSides May 25th, 2023
From The Right
Target’s stock price has taken a hit amid the backlash over its LGBT-themed products. The New York Post noted on May 17 the retailer’s stock closed at $160.96 per share, giving it a market value of $74.3 billion. But as of Thursday morning, its stock price was hovering around $140 a share. And its market value was down roughly $10 billion and around $64 billion. The drop in its share price came after conservatives pushed to boycott the company over its LGBT-themed products. At the same time, it was revealed...
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