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Starbucks has lost $11 billion market value, and not because of boycotts

Posted on AllSides December 13th, 2023
From The Left
Nicolas Economou/NurPhoto via Getty Images
ANALYSIS

Starbucks’s value is down billions of dollars. People online are calling for a boycott of Starbucks. The extent to which these two things are related, if they are at all, is not clear.

One thing is true here: The Seattle-based coffee company is not having a bang-up time heading into the end of the year. Its share price has seen a sharp decline since mid-November, falling by about 9 percent, meaning a decline of some $11 billion in its market cap.

“Starbucks’s stock is experiencing a historic losing streak, influenced...

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https://www.vox.com/money/2023/12/13/23999981/starbucks-boycott-israel-palestine-market-value-loss-holidays-labor

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