CEO Steps In It
Andrew Dudum, the CEO of the popular telehealth company Hims & Hers, recently sparked backlash after he encouraged anti-Israel protestors to apply to his company on a social media post. Following Dudum’s message, Hims & Hers stock tanked, losing over $200 million in market capitalization.
The CEO initially took to X, expressing his opinion that “moral courage” is more valuable than a “college degree.” Dudum suggested there is a pool of “eager” CEOs, including himself, seeking to hire pro-Palestinian activists.
“Moral courage > College degree If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working. There are plenty of companies & CEOs eager to hire you, regardless of university discipline,” Dudum wrote on X.
Evidently, the post did not sit well with investors as reports indicate Hims & Hers shares dropped roughly 8% on May 3, lowering the company’s market value from $2.62 billion to $2.41 billion.
The CEO initially took to X, expressing his opinion that “moral courage” is more valuable than a “college degree.” Dudum suggested there is a pool of “eager” CEOs, including himself, seeking to hire pro-Palestinian activists.
“Moral courage > College degree If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working. There are plenty of companies & CEOs eager to hire you, regardless of university discipline,” Dudum wrote on X.
Evidently, the post did not sit well with investors as reports indicate Hims & Hers shares dropped roughly 8% on May 3, lowering the company’s market value from $2.62 billion to $2.41 billion.
70-79, M
