Venture capitalist and “Shark Tank” television personality Kevin O’Leary said that part of Target’s recent multibillion-dollar stock plunge is about investors sending a “Get woke, go broke” message to corporations which chase progressive social and political agendas.
Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items and clothing.
At the beginning of May, before the company rolled out its Pride collection, Target’s market cap was around $73 billion. As of June 6, the company’s market valuation sits at $60.71 billion.
O’Leary, who heads the venture capital firm O’Leary Ventures, told Fox News in a recent interview that Target’s stock price crash is the market punishing the company for straying from its core function—that of a business that is supposed to make money for shareholders….