Episode 749
749 - Target market value drops $9 billion in a week amid boycott over pride offerings
Live From Studio 6B · Studio 6B Media Group LLC
May 26, 20231h 36m
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Show Notes
Retail giant Target has lost billions in market value amid public outcry over its offering of LGBTQ-themed clothing for children. Company market cap amounted to $74.3 billion as of last Wednesday, according to the New York Post. But by the end of trading on Thursday, that figure stood at 64.96 billion, meaning Target lost more than $9 billion in value in slightly over a week.
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