Starbucks Targeted in Israel Protests: Facing Loss of Value
Starbucks is losing value as it is targeted in the protests in Israel. The company’s reputation and revenue are being negatively affected due to the events in Israel.
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Due to the protests against Israel’s attacks on Gaza, the US coffee chain Starbucks has faced a significant drop in its stock values. The company, traded on Nasdaq, has seen its total market value fall below 85 billion dollars.
Starbucks’ shares have experienced a 16% decline recently, trading at around 74.93 dollars. This situation led to the company’s market value dropping from 100.25 billion dollars to 85 billion dollars in a single day, resulting in a loss of over 15 billion dollars.
Starbucks operates with more than 35,000 stores in 65 countries worldwide, positioning itself as one of the largest coffee chains globally. In Turkey, it serves as a popular destination for coffee enthusiasts with its 685 stores.
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