Planet Fitness stock price drops sharply due to a controversy involving a transgender issue.
Things are getting intense in a debate, and this time, it’s about Planet Fitness. The gym chain is facing criticism after a video of an unhappy member went viral…
Keep reading to learn what happened…
A woman in Alaska shared a photo of a trans woman in the women’s locker room at the Fairbanks Planet Fitness. She accused the gym of letting ‘men’ into a space she believes should only be for cisgender women.
The original picture showed a transgender woman shaving at a sink in a locker room. The woman who took the picture made an angry video afterward about how upset she was. The video went viral and started a big debate.
Shutterstock
Shutterstock
This situation has really impacted Planet Fitness. The stock price has dropped from $66 to about $56 in just 12 days, and the company’s market value has fallen by around $400 million, going from $5.3 billion to about $4.9 billion in just five days!