‘Shark Tank’ star, Kevin O’Leary, issues a stern warning to CEOs following Target’s shocking $15B collapse. He criticizes the retail giant’s decision to prioritize a ‘woke’ strategy over profit, particularly their move to introduce LGBT-friendly children’s clothing. This, he believes, sparked backlash from conservative shoppers, leading to a precipitous drop in revenues. O’Leary’s powerful commentary echoes through boardrooms across the country as businesses take note of Target’s dramatic downfall. Echoing this sentiment, tech mogul Elon Musk anticipates potential shareholder lawsuits after JPMorgan’s reported downgrade of Target stock. The story is evolving and the implications are widespread.
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