Planet Fitness Loses $400 Million in Market Value After Controversial Membership Cancellation

Planet Fitness's market value dropped by $400 million after canceling the gym membership of a person who photographed a male transgender person in the women's locker room. The incident went viral on TikTok, with critics accusing the gym of prioritizing inclusivity over women's safety and privacy.

The drop in market value was celebrated by those boycotting the gym.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto market sheds $400 billion of value as bitcoin sell-off intensifies after all-time highBitcoin slid further on Wednesday, briefly dipping below the $61,000 mark and continuing a sell-off that began after the cryptocurrency hit an all-time high.
Source: NBCLA - 🏆 319. / 59 Read more »

Crypto market sheds $400 billion of value as bitcoin sell-off intensifies after all-time highBitcoin slid further on Wednesday, briefly dipping below the $61,000 mark and continuing a sell-off that began after the cryptocurrency hit an all-time high.
Source: CNBC - 🏆 12. / 72 Read more »