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69
Target loses $9B in week following boycott calls over LGBTQ-friendly kids clothing (nypost.com)
posted 128 days ago by YesMovement 128 days ago by YesMovement +69 / -0
Target loses $9B in week following boycott calls over LGBTQ-friendly kids clothing
Since the controversy erupted a week ago, Target’s stock has fallen by some 11% while its market capitalization has shrunk by some $6.4 billion.
nypost.com
27 comments share
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Comments (27)
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▲ 41 ▼
– AntonioOfVenice 41 points 128 days ago +41 / -0

What happened?

Just like that, the right stopped being useless.

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▲ 46 ▼
– Norenia 46 points 128 days ago +46 / -0

The exponentially increased targeting (no pun intended) of children with this shit reached the breaking point. Violence WILL happen if they don't start quickly backing down.

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▲ 33 ▼
– WhoIsThatMaskedMan 33 points 128 days ago +33 / -0

The right will sleep on pretty much anything except open, blatant pedophilia. It's the one thing they actually care about. We need to push this issue as hard as possible if we want any hope of turning this into a national sentiment. People have no idea just how bad it is.

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▲ 6 ▼
– FutaCumDiet 6 points 128 days ago +11 / -5

Bro, The Right™️ currently just believe a watered down version of progressivism.

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▲ 6 ▼
– Hellsbells00 6 points 128 days ago +8 / -2

Says the degenerate.

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▲ 2 ▼
– Adamrises 2 points 128 days ago +2 / -0

The right will sleep on pretty much anything except open, blatant pedophilia. It's the one thing they actually care about.

And it will absolutely be weaponized into a witch hunt that will allow the weapons they allow to be used against them

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▲ 26 ▼
– Lethn 26 points 128 days ago +26 / -0

Forget about backing down, will be quite happy to see these sorts of businesses utterly destroyed for their virtue signalling.

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▲ 8 ▼
– RondoOBlongo 8 points 128 days ago +8 / -0

Burn it down and salt the earth

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▲ 3 ▼
– MegoThor 3 points 128 days ago +3 / -0

Violence WILL happen because they can’t and won’t back down.

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▲ 29 ▼
– SoctaticMethod1 29 points 128 days ago +30 / -1

Ironically, I think Tucker being fired from Fox may be a factor, he brought in a lot of conservatives to watch Fox by going there to see him.

With him gone, they stopped watching so aren't filled with their propaganda of 'we don't want to go to far' or 'we have to set an example'. With him on twitter they're probably getting linked to more right personalities calling for boycotts and defunding all of the left's side projects.

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▲ 10 ▼
– ernsithe 10 points 128 days ago +10 / -0

Bud Light and Target are both brands the right patronized enough in the first place for a boycott to be felt. Target's got it even worse because they can't rely on the other 399 brands people don't realize are them like AB InBev can. Though there's something to be said in terms of making a point about consumer preference if they see their revenue shift from Bud Light to Busch Light. They can't dismiss that as a secular market trend.

No one notices when the right boycotts a Seattle hipster bar.

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▲ 8 ▼
– Jormugand 8 points 128 days ago +8 / -0

I personally the Bud Light boycott gave the right tangible proof that they didn't have before. That they too can dictate through the dollar.

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▲ 3 ▼
– Imp1OfAmsterdam 3 points 128 days ago +4 / -1

I think that the right had a lot of consistent growth ever since the pandemic. Before that, most of it was ephemeral. It still takes a while for the idea of opposition to get popular since the leftists control everything but I think we're reaching a milestone now where it's popular enough for backlashes such as this boycott to be common.

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▲ 24 ▼
– m0r1arty 24 points 128 days ago +24 / -0

Target destroyed!

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▲ 24 ▼
– tappydans 24 points 128 days ago +24 / -0

Seems like actual stock movement. Walmart and Costco are both up YTD, so it’s not an overall sector trend. I certainly don’t want to bring my kids into target and explain what binding is.

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▲ 14 ▼
– YesMovement [S] 14 points 128 days ago +14 / -0

It doesn't have to be an overall sector trend, the important things is the targets we target like Target experience a down- it strikes fear into the heart of our enemies. Dylan M and even other homos are getting less partnership deals, we've made them toxic.

A bunch of people who normally shop at Target probably moving to Walmart and Costco, just like Coors & Miller sales went up while Bud's went down, is still a win because everyone will see Target taking a hit.

We can't fight everyone, and the fact Target is even going down is a big win because not shopping at Target is a bigger sacrifice than reaching over to grab another cheap lite beer at the liquor store- plus it's the agreeable womenfolk who shop at Target while Bud's base was mostly men.

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▲ 21 ▼
– simian 21 points 128 days ago +21 / -0

Now all we need is for shareholders to get pissy with the board for allowing their investments to be hurt.

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▲ 21 ▼
– AnimeAnon 21 points 128 days ago +21 / -0

Its very difficult for shareholders to exert power over the board these days. Shareholder threats are practically a paper tiger nowadays due to many factors and what Delaware courts and legislature have done to corporate law; any fear that boards of directors have of them is largely out of formality and what was capable in the past.

Companies can get away with all sort of "strange whims" (using legal language) if they can articulate even a threadbare, shitty, pathetic reason for believing it will be profitable. That it was "just a mistake". They were trying to court the LGBT market after all, how could they know it would backfire?

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▲ 9 ▼
– simian 9 points 128 days ago +9 / -0

That’s disappointing.

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▲ 8 ▼
– solder0 8 points 128 days ago +8 / -0

Any articles on this? I've been wondering how these psychopaths continue to get away with this bullshit in PUBLIC companies...it seems very complicated (on purpose), lots of factors.

  1. I heard that you don't own stock directly.

  2. It seems that wall street is yet another front for the cabal.

  3. Did I mention it's all complicated on purpose? They like making it that way to confuse truth seekers. Spaghetti logic, weaponized and applied.

I've been staying away from the stock market admittedly just because it gives me bad vibes. I really do hope that DeFi does surpass CeFi in the near future, or at least comes close enough that it means something for those that want freedom AND prosperity.

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▲ 10 ▼
– AnimeAnon 10 points 128 days ago +10 / -0

One of the biggest changes and conflicts that's being pushed in the last 2 decades is the primary function of businesses being about stakeholders (which basically means anyone, its what is used as ESG basis), as opposed to shareholder profit maximization, which has a strong basis in the case law.

There is a legal requirement for businesses to be primarily about profit maximization for shareholders ever since Dodge v. Ford.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3275445

Here is a video by a respected law professor who defends profit maximization doctrine, who is also the writer of many generally accepted law textbooks in the business law field. He cites ones of the most respected and important judges in Delaware (the state where most corporate law cases takes place) for his argument and criticizes the fuck out of ESG.

https://yewtu.be/watch?v=EDKhOJ_SXyU

And an opposing video by the opposite, a notable law professor who claims businesses can be about stakeholders, she's about what you'd expect.

https://yewtu.be/watch?v=k1jdJFrG6NY

In terms of stock stuff, that's more specific and nitty gritty, it depends on a case by case basis for the corp, as yes, there are different types of stocks and ownership situations (i.e. if the CEO gave himself some super special voting stock that gives him 51%+ of the voting rights, he's completely untouchable) and whatnot.

https://www.investopedia.com/ask/answers/062215/what-difference-between-class-shares-and-other-common-shares-companys-stock.asp

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▲ 2 ▼
– solder0 2 points 128 days ago +2 / -0

Ah, I see. The different classes of stocks might be where this got screwed up.

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▲ 3 ▼
– Assassin47 3 points 128 days ago +3 / -0

Welp. Better add the Corporatocracy and Federal Courts to the list of things we have to smash and scatter the winds.

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▲ 14 ▼
– deleted 14 points 128 days ago +14 / -0
▲ 8 ▼
– SomeRando 8 points 128 days ago +9 / -1

It seems they really hit the target.

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▲ 6 ▼
– deleted 6 points 128 days ago +6 / -0
▲ 4 ▼
– IfThatIsWhatYouThunk 4 points 128 days ago +5 / -1

Please use archive links for sites like that. https://archive.ph/uX4un

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