Elon Musk Says Target Will Face Shareholder Lawsuits Amid Pro-LGBT Controversy

Elon Musk Says Target Will Face Shareholder Lawsuits Amid Pro-LGBT Controversy
Elon Musk, founder and chief engineer of SpaceX, speaks at the 2020 Satellite Conference and Exhibition in Washington on March 9, 2020. Win McNamee/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

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.
Google LogoMark Us Preferred on Google
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics