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Excerpt from trendingpoliticsnews.com
Andrew Dudum, the CEO of telehealth company Hims & Hers, is facing backlash after expressing his desire to hire students who protested against Israel on college campuses. In the immediate aftermath of his comments, the company’s stock value plunged, wiping out nearly $210 million in market value.
The controversy began when Dudum, in a social media post on X (formerly Twitter), stated his willingness to employ students who participated in protests against Israel and faced disciplinary action from their universities. He framed the act as “moral courage” greater than a “college degree.” Encouraging protesters to continue their activism, Dudum said that there are many companies and CEOs eager to hire them, linking the post to the company’s job openings.
This caused outrage among many stakeholders, especially as protest actions were often linked to antisemitism and intimidation. The market quickly reacted. Hims & Hers stock fell 8% on May 3, as investors rushed to distance themselves from Dudum’s controversial comments. The company’s market value decreased from $2.62 billion to $2.41 billion in a matter of hours according to The New York Post.
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