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
Shoplifting arrest
Richards is released on $5000 bail after spending the night in jail after being accused of taking about $600 in merchandise from a Target store in the Van Nuys area.
Cutting jobs
0 CommentsTarget plans to cut several thousand jobs at its Minneapolis headquarters as part of an effort to cut costs by $2 billion. Target CEO Brian Cornell:
We are in the very early stages of a real shift in our business.
Consumers can sue over data breach
0 CommentsU.S. District Judge Paul Magnuson in St. Paul, Minnesota, dismisses claims by plaintiffs in certain states but allows consumers to move forward with a class action suit over the 2013 data breach.
Plaintiffs’ allegations plausibly allege that they suffered injuries that are ‘fairly traceable’ to Target’s conduct.
Protesters boycott Black Friday shopping
St. Louis protesters call for a boycott to draw attention to racial injustice after the fatal shooting of teenager, Brown. A group of 75 people chant inside a Brentwood, Mo., Target. Protesters:
Hey-hey, Ho-Ho these killer cops they got to go.
15th anniversary with Target
Sonia Kashuk 
celebrates 15 years of partnership with Target by releasing a limited edition collection.
This collection is about thanking my supporters for 15 amazing years, because my brand wouldn’t be here without them.