Birdwatch Note Rating
2023-12-22 04:45:27 UTC - HELPFUL
Rated by Participant: E23F52E84DA526EC85A12D86DA74D304BFE568B80509BB1780CC3AE310363231
Participant Details
Original Note:
This is misleading. The figure is from an article about a $12B loss in market value from Nov-Dec. This cannot be exclusively tied to boycotts, as stated in the article, Starbucks doesn't lose money when its market value decreases, and from Oct-Dec, market value increased. https://nypost.com/2023/12/07/business/starbucks-loses-12b-in-market-value-amid-boycotts-over-israel/ https://slate.com/news-and-politics/2011/08/does-it-matter-to-a-company-if-its-stocks-lose-value.html https://www.marketwatch.com/investing/stock/sbux
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