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Hims & Hers CEO walks back praise for anti-Israel protesters after stock drops
Posted
May 6, 2024
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May 6, 2024
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0:53Now PlayingThe CEO of buzzy healthcare company Hims & Hers has walked back his praise for anti-Israel student protesters after his firm’s stock value plunged nearly $210 million in a single day after declaring he and other execs were “eager” to hire them.
Andrew Dudum took to Twitter on Sunday to “clarify” his prior comments, in which he urged student protesters last week to keep rallying amid a nationwide wave of violent and disruptive demonstrations at universities that have seen well over 2,000 people arrested.
“The last few days have been a disheartening reflection of just how divisive a time we live in. I’d like to clarify a few things because my words have been misconstrued by some,” the Hims & Hers boss tweeted.
“I, in no way condone nor support acts or threats of violence, antisemitism, or intimidation and there is absolutely no justification for violence on our campuses.
After the initial drop, the share price at Hims & Hers continued to slide in after-hours trading on Friday and Saturday.
Stocks were still down 8% before the markets opened Monday.
The decline came after Dudum had declared that companies would be happy to employ the disciplined protesters and encouraged them to apply at Hims and Hers.
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#himsandhers #israel #protests #gaza #palestine #business
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