Target has lost more than $10billion in market capitalization in the span of 10 days – as it continues to face backlash for Pride-themed merchandise.
Prior to the controversy – which stems over a LGBTQ-geared clothing campaign that touts ‘tuck-friendly’ bathing suits and pro-trans T-shirts for kids – Target shares were trading at $160.96, giving the retailer a market valuation of roughly $74.3billion.
By the time The New York Stock Exchange (NYSE) closed Friday, the blue-chip stock was trading at $138.93 – marking a market valuation of 64,2billion, and loss of $10.1billion.
