An important update on DEI initiatives
Sad
Doubling down on DEI is good for business
Sad
Doubling down on DEI is good for business
DEI
- Thread starter MTTiger19
- Start date
Those were two divergent stock charts long before the DEI announcement. Target has been trending down since 2021, including a 24% drop from April to December last year, before the announcement.
Meanwhile, Costco is a fantastic stock and has been for years. Not saying it has nothing to do with Target's latest decline, but this isn't a super clean comparison.
Maybe so but there's lots of evidence that the actions of both have had an effect.
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Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
Explanation
- In January 2024, Target reduced hiring targets for minorities and stopped reporting to diversity-focused groups.
- Target's stock price dropped 8.7% after the DEI changes were announced.
- Target is being sued for allegedly hiding the risks of ending its DEI programs.
- The lawsuit claims that Target defrauded shareholders by not warning them that ending DEI policies could cause stock prices to fall.
- The lawsuit also claims that Target concealed the backlash it faced after removing LGBTQ+ merchandise during Pride Month in 2023.
- Target's stock fell again in November 2024 after the company reported disappointing earnings.
Costco's stock has skyrocketed since they rejected anti-DEI efforts.
"More than 98% of Costco shareholders voted down an anti-DEI proposal Thursday at the company's annual shareholders meeting, according to the preliminary vote results."
One important thing in making money in the stock market is to correctly understand what is going on.
If that moron thinks that Targets stock is down because they quit having tranny clothes in their store, they are a special kind of stupid and deserve to lose every penny they invest. No tears.
If anyone wants some good, legitimate advice on the stock market, follow this guy. He is an honest actor and used to be an ex wall street analyst that now publishes on X. He is the real deal, highly recommend.
Don't say i never gave you anything.
Don't say i never gave you anything.
Sure
Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
Bay Area teen rejected by 16 colleges, hired by Google files racial discrimination lawsuit
After being rejected by 16 colleges, Bay Area teen Stanley Zhong was hired for a PhD-level position at Google. Now, he and his father are suing the University of California for racial discrimination.
He’s saying they weren’t his words but were an AI summary (how I took it at least)
I’m sorry I can’t take responsibility for him not liking what HE posts.
So he posted something, said “where did I post that?” I the copy and pasted from his post that he wrote 2 minutes earlier.
And @dpic73 wonders why he struggles to get to the truth?!???
You said “that moron thinks taking tranny clothes off the shelves is the reason”
Then used a quote that said dropping the entire DEI program (more than just “tranny clothes” FYI) was A FACTOR.
But sure, he’s the one that can’t follow.
I swear you know how nuance works because you use it every time we talk about DOGE and other things Trump/Elon are doing. But anything you read about the other side that is a 2 becomes an 8 or 9.
A great example of how DEI discriminated against qualified people.Bay Area teen rejected by 16 colleges, hired by Google files racial discrimination lawsuit
After being rejected by 16 colleges, Bay Area teen Stanley Zhong was hired for a PhD-level position at Google. Now, he and his father are suing the University of California for racial discrimination.abc7news.com
I can't believe this is where this discussion went.
You said:
West Loop Tom shared a tweet and his only words were "And Costco keeping DEI is up about 20% in that time period."
You followed up with:
There was no mention of tranny clothes anywhere, however, the AI response did have a bullet point about LGBTQ clothes taken down during Pride. The part you copy/pasted was also part of the AI response
This isn't hard
Yep. Not sure how anyone supports letting a less qualified candidate in over a more qualified candidate simply because of the color of their skin.
Do you not find it odd that all those West Coast schools would discriminate based on race? California has a large Asian population and isn't known to be a bastion of discrimination, so there could have been other reasons. DEI policies would give him a better chance, not worse.
AI Overview
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The University of California (UC) system is committed to diversity, equity, and inclusion (DEI) practices, but is reviewing its DEI programs in response to federal pressure.
I do find that curious. I truly wonder in many of these instances what the true story really is outside of the political posturing.
It seems off that 16 schools would reject him, all because of the color of his skin? I wonder what else was going on, also seems potentially intentional on his part since he is part of a group that is politicizing this issue for a lawsuit.
L
You know that the school isn't stupid and they have legal council, I couldn't imagine that they would say something that puts them in that type of legal, or moral/political jeopardy.
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I think it’s pretty well known they have race quotas and Asians experience the most discrimination. That’s because their average qualifications are higher than white/black/hispanic yet they also make up a smaller % of the population.
It was the entire premise of the Harvard lawsuit.
AI overview:
The Students for Fair Admissions (SFFA) lawsuit against Harvard University alleged that Harvard discriminated against Asian Americans in its admissions process. The case went to the Supreme Court, which ruled in favor of SFFA, striking down race-conscious affirmative action in 2023.
Interesting but it's still curious to me that someone with that resume would be turned down by that many colleges - that sounds like the opposite of DEI. Please follow it and keep us updated.
