Musk predicts lawsuits against Target

Musk predicts lawsuits against Target after the company’s value sinks more than $15 billion following boycotts over its controversial “PRIDE” collection. Reacting on Twitter to conservative commentator Charlie Kirk, who wrote:

BREAKING: JP Morgan just downgraded Target’s stock, after its longest losing streak in 23 years citing “too many concerns rising’. Happy Pride Month Target!!

Musk says:

Won’t be long before there are class-action lawsuits by shareholders against the company and board of directors for destruction of shareholder value.

Kirk replied to Musk by encouraging legal action against the company.

Won’t be long before there are class-action lawsuits by shareholders against the company and board of directors for destruction of shareholder value

— Elon Musk (@elonmusk) June 2, 2023