Concern Over Transgender Issues Causes Planet Fitness’ Stock Price To Fall Sharply.

Viral Video Sparks Debate

A video went viral showcasing a pregnant dog appearing at a couple’s doorstep, followed by the couple caring for seven puppies.

Locker Room Dispute

In Alaska, a woman posted a photo of a transgender woman in the women’s locker room at a Planet Fitness location, sparking controversy. She criticized the company for allowing transgender individuals into spaces traditionally exclusive to cisgender women.

Policy Enforcement

The woman’s membership was revoked by the local Planet Fitness branch, while the transgender individual was not penalized. Planet Fitness reiterated its policy, permitting individuals to use locker rooms according to their gender identity but warning against bad faith actions that could lead to membership cancellation.

Escalating Situation

More photos of the transgender woman using the locker room circulated, prompting calls from conservatives to boycott Planet Fitness nationwide.

Financial Impact

The controversy significantly affected Planet Fitness’s stock price and market value, with stocks dropping from $66 to approximately $56 in just 12 days. The company’s market capitalization decreased by around $400 million, falling from $5.3 billion to about $4.9 billion in five days.

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