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Starbucks Shares Tumble Amid LGBT Decor Controversy

Starbucks Shares Tumble Amid LGBT Decor Controversy
A sign bearing the corporate logo hangs in the window of a Starbucks in Denver, Colo., on April 26, 2021. David Zalubowski/AP Photo
Tom Ozimek
Tom Ozimek
Reporter
6/23/2023|Updated: 6/24/2023
0:00

Shares of Starbucks tumbled on Friday as a union representing the coffee chain’s baristas said on Friday that over 3,500 workers at over 150 locations would walk off the job next week to protest claims that the company banned some LGBT-themed decorations at some of its cafes.

The Starbucks Workers United union said in a statement on social media that next week’s strike has been called due to Starbucks’ “hypocritical treatment of LGBTQIA+ workers.”

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.
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