'Unilever Stock Loses $2.5B Amid Calls To Boycott Ben & Jerry's Over Tweet' - NY Post
Portfolio Pulse from Happy Mohamed
Unilever, the parent company of Ben & Jerry's, has lost approximately $2.5 billion in market cap following calls to boycott the ice cream maker due to a controversial tweet. The tweet, posted on July 4, criticized the US for existing on 'stolen Indigenous land.' Unilever's stock price has fallen to around $51 from $52.28. Unilever was also criticized for continuing to sell its products in Russia despite calls to exit the country over its invasion of Ukraine.
July 06, 2023 | 3:04 pm
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Unilever's stock price has fallen due to a boycott call against its subsidiary, Ben & Jerry's, over a controversial tweet. The company also faces criticism for continuing operations in Russia.
The boycott call against Ben & Jerry's, a subsidiary of Unilever, has led to a decrease in Unilever's stock price. The company's decision to continue operations in Russia despite the country's invasion of Ukraine has also attracted criticism, potentially affecting investor sentiment.
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