Hims & Hers stock slides after CEO’s praise for anti-Israel protesters

Hims & Hers Health Inc. noticed its stock slide throughout Friday’s buying and selling session after its CEO praised the “moral courage” of anti-Israel campus protesters and inspired them to use for jobs on the well being and wellness firm.

Hims & Hers, which provides telehealth and online pharmacy companies for erectile dysfunction, sexual efficiency, hair loss therapies, psychological well being and extra, noticed its stock slide by 8% Friday amid the controversy. Though it has rebounded by 0.89% in after-hours buying and selling since Friday’s shut. The drop got here because the Dow Jones Industrial Average rose 450 factors, or greater than a full proportion level.

The firm’s stock is up 16.8% yr to this point however down 4% from a yr in the past and has seen vital fluctuations in that interval, posting single-day positive factors of about 11% in early November and 31% in late February on favorable earnings information. Its stock is up 14.9% because the firm went public in September 2019.

CEO Andrew Dudum wrote final week in a put up on X, previously Twitter: “Moral courage > College degree.” He added, “If you are at present protesting in opposition to the genocide of the Palestinian folks & for your college’s divestment from Israel, maintain going. It’s working.

HIMS FOUNDER OFFERS JOBS TO ANTI-ISRAEL PROTESTERS, HAILS THEIR ‘MORAL COURAGE’

Hims & Hers saw its stock slide during Friday’s trading. (REUTERS/Carlo Allegri / Getty Images)

“There are loads of corporations & CEOs keen to rent you, no matter college self-discipline,” Dudum added with a link to the Hims & Hers careers page.

Dudum’s post comes after some companies and CEOs have criticized campus protesters’ behavior in their anti-Israel protests as being antisemitic and have suggested that they wouldn’t hire those protesters. The campus protests have disrupted class schedules and graduations and resulted in arrests.

Hims & Hers didn’t instantly reply to a request for remark.

CEO OF ERECTILE DYSFUNCTION, HAIR LOSS TREATMENT BRAND MOCKED FOR OFFERING JOBS TO ANTI-ISRAEL STUDENTS

Students speak with law enforcement during an anti-Israel protest at the University of Texas at Austin April 24, 2024, in Austin, Texas. (Brandon Bell/Getty Images / Getty Images)

Dudum’s post sparked backlash from other business figures, including Palantir co-founder Joe Lonsdale, who replied, “Real ethical braveness does not contain becoming a member of a senseless mob, chanting anti-US and different woke pablum, following directions to not debate or focus on your positions in any respect but being indignantly righteous, whereas giant numbers within the mob chant for violence and block Jewish college students.”

Conservative radio host Jason Rantz ripped Dudum’s post and told followers on X, “There are loads of locations to get what they promote that will not require you to support an organization that embraces antisemitism.”

COMPANIES SHOULD BE CAUTIOUS BEFORE WADING INTO POLITICS, MARK PENN WARNS

Anti-Israel demonstrators at an encampment at Columbia University in the Morningside Heights neighborhood of New York April 22, 2024. (Getty Images / Getty Images)

Jordan Elist, the founder of Goodnight Mate, which offers erectile dysfunction and male sexual performance products, quoted a post from conservative commentator Ben Domenech, encouraging supporters of Israel to cancel their Hims & Hers subscriptions. And Elist offered those who do so a free month of products from his company.

“Once once more, if anybody has canceled their $hims subscription on account of their founder / CEO’s anti-Semitic remarks, your first month of Goodnight Mate’s sexual well being options is on us. Our approach of thanking you for standing on the precise facet of historical past,” Elist wrote.

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