As Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items and clothing, Twitter CEO Elon Musk said Friday that it’s just a matter of time before Target faces lawsuits for “destruction of shareholder value.”
Musk made the remarks in response to a tweet by conservative activist Charlie Kirk, who posted about JPMorgan downgrading Target’s stock after suffering its longest losing streak in decades.
Over the past month or so, Target’s stock dropped by double digits amid conservative calls for a boycott against the chain in connection to its decision to sell LGBT-themed apparel, including onesies for children and books instructing kids about the use of transgender pronouns….