Target Faces Lawsuit Over Going Woke, Makes Desperate Move With Starbucks to Save Themselves
By Nick Arama | 2:17 PM on August 09, 2023
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Target has taken a huge hit since May and its controversy with marketing “tuck-friendly items,” as well as LGBTQ+ items aimed toward children and clothing by someone who claimed he was a Satanist.
That did not go well for them, as they dealt with the “Bud Light” effect.
The company has faced huge losses; at one point, it had lost $15 billion in market cap. It was over $74 billion before the controversy, and it’s at $60.3 billion now. Target also received multiple downgrades, and part of the reason listed was the “recent company controversies” as well as “diminishing store traffic.”
Now they’re also facing a lawsuit by a shareholder, filed on Tuesday, alleging that the toadying to the radical left has cost shareholders billions.
https://redstate.com/nick-arama/2023/08/09/target-faces-lawsuit-over-going-woke-makes-desperate-move-with-starbucks-to-save-themselves-n790009
