Posted on 05/04/2024 5:32:44 PM PDT by george76
Buzzy healthcare company Hims & Hers lost nearly $210 million in stock value in a single day after the company’s CEO said he and other executives were “eager” to hire anti-Israel student protesters who’ve faced disciplinary actions from their universities.
The online sexual health and pharmaceutical company plummet 8% on Friday from its opening price of $12.24 to $11.26 — just two days after Palestinian-American CEO Andrew Dudum said companies would be happy to have the protesters and encouraged them to apply to Hims and Hers.
“Moral courage > College degree,” Dudum tweeted on Thursday, amid the nationwide anti-Israel protests at universities that have seen more than 2,100 people arrested.
Hundreds more have been suspended or banned from campus activities for participating in the demonstrations.
“If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working,” Dudum added.
...
The market cap of the company opened at $2.62 billion and closed at $2.41 billion, and share price continued to slide in after-hours trading on Friday and Saturday.
Trading volume was also more than double the average for the stock — indicating that some shareholders were rushing to get out.
...
Palantir CEO Alex Karp blasted the protesters this week saying they should be shipped off to North Korea as part of an “exchange program” to give them perspective.
...
Bill Ackman, head of Pershing Square Capital Management, was among first to publicly declare he wouldn’t hire students from Harvard who signed a letter allegedly blaming Israel for Hamas’ violent Oct. 7 attack.
(Excerpt) Read more at nypost.com ...
They’re not protesting against genocide. They’re rioting in favor of genocide against Jews.
Probably overpriced crap, anyway.
Hilarious. It’s a web site for ED remedies.
There is another Company that sells the exact same hair loss product called KEEPS. They must be loving this self destruction.
What the hell does 'buzzy' mean?
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I'm guessing trendy?
Hims and Hers? I thought in the age of non binary / non gender BS, this would piss off the woke mob just by the name with those pronouns...
Me thinks its time to short sell this stock.
Those same people are going to be destroying the company from within about a year after they get hired.
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