After CEO Says He Is 'Eager' to Hire Campus Protesters, Company Takes a Huge Hit Right in the Wallet
The CEO of Hims & Hers Health, Inc. may have just found out it's not a smart idea to support the campus radical protesters.
The CEO, Andrew Dudum, who claims he has a Palestinian background, said that he would be "eager" to hire them, terming their actions "moral courage."
Moral courage > College degree
If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working.There are plenty of companies & CEOs eager to hire you, regardless of university discipline.
He then included a link for anyone who wanted to apply.
But Dudum's offer may not have gone as he'd hoped, it may have had a result he didn't anticipate. After he made that comment, he was inundated with folks on X saying they would no longer be buying his products. Then on top of that, about two days after he said that his company's stock plummeted.
The online sexual health and pharmaceutical company plummet 8% on Friday from its opening price of $12.24 to $11.26 [....]
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.
As a result of the drop, his company lost $210 million, according to the NY Post.
Now, that just could be a message people are not on board with the actions of the radicals, if Dudum and others are listening. Many of the "protesters" have been arrested or suspended, and there has been violence including attacking the police as well as incidents of antisemitism, even chanting for Hamas or having terrorist flags.
Turns out, Americans tend not to like such things. One of the groups behind the protests, Students for Justice in Palestine, has been sued by Oct. 7 victims, alleging that they are operating as a "propaganda" arm of Hamas.
Dudum's opinion was not in line with other CEOs, who have been vocal on the matter, such as Palantir CEO Alex Karp.
“We’re gonna do an exchange program sponsored by Karp. A couple months in North Korea, nice-tasting flavored bark. See how you feel about that,” the software boss said at the invite-only Hill and Valley Forum in Washington, DC, on Wednesday, where he was the featured speaker.
It truly is a foolish thing for Dudum to say. He might also find out if they would protest their schools and their present jobs, they just might end up protesting his company, if he ever did anything that doesn't match their leftist agenda.
But it sounds like he's already finding out this isn't a good move, and he's finding out right in the wallet.
The guy who helped to co-found what became AdSense noted the people fleeing.
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