The 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. ...
His apparent about-face came after the online sexual health and pharmaceutical company saw its stock plummet by 8% on Friday — from an opening price of $12.24 to $11.26.The market cap of the company opened at $2.62 billion and closed at $2.41 billion.
After the initial drop, the share price at Hims & Hers continued to slide in after-hours trading on Friday and Saturday.
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