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Planet Fitness value plummets $400M after transgender turmoil (www.foxbusiness.com)

submitted 8 months ago by [email protected] to c/[email protected]

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Planet Fitness critics are saying "go woke, go broke," calling on the top fitness chain to receive the "Bud Light" treatment after an uproar over its transgender locker room policy created a social media stir.

The chain saw a $400 million dive in valuation from $5.3 billion to $4.9 billion just days after revoking an Alaska woman's membership for snapping photos of a transgender woman, who was biologically male, shaving in the women's locker room, according to a Daily Mail report.

...

Silva claimed a 12-year-old girl who was in the locker room was also uncomfortable with the biological male's presence.

Planet Fitness confirmed Silva's membership was canceled after taking photos and/or videos in the locker room –—a policy violation.

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[–] proper 6 points 8 months ago

400 mil, 1/13 of their valuation. Shows that these nut jobs don’t represent a large portion of the customer base and can go workout with their coors somewhere else.