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Planet Fitness sees $400 MILLION wiped off its value in just five days
Pretty weak.[Daily Mail, Where America Gets Its News] Planet Fitness' valuation has plummeted $400 million in five days after they banned a member who shared a photo of a 'trans woman' using a female locker room. The company's value dropped from $5.3 billion on March 14 to $4.9 billion on March 19, and its shares are down by 13.59 percent compared to a month ago. The decline follows Planet Fitness' refusal to walk back its decision to ban a member who exposed a 'trans woman' shaving in a female locker room earlier this month. Patricia Silva was barred from the gym in Alaska after she detailed an incident online - where she said she saw a transgender woman in her locker room. Following backlash against the ban, the company said although some members may feel uncomfortable sharing facilities, 'this discomfort is not a reason to deny access to the transgender member.'
Related: Planet Fitness: 2024-03-20 Good Morning Planet Fitness: 2024-03-20 Planet Fitness Stock Drops After Making Women Share Restrooms with Men Planet Fitness: 2018-07-24 Man arrested for exercising naked at Planet Fitness gym Posted by: Fred 2024-03-21 |
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