Planet Fitness stock price plummets over transgender controversy

Things seem to be heating up in a debate, and the topic of conversation this time around is Planet Fitness. It seems that the chain of fitness studios is underfire after a video went viral of a disgruntled member…

Keep reading to find out what it is all about…

A woman in Alaska posted a photo of a trans woman in the women’s locker room at the Fairbank’s location. She accused the company of allowing ‘men’ into a space that seems deemed should only be exclusive to cisgender women.

The original picture seemed to show a transgender woman as she was shaving over a sink in a locker room. The woman who took the picture ranted and raved in a video afterward about how upset she was. The video ended up going viral and sparking a massive debate.

Shutterstock

What happened, as a result, was that the local Planet Fitness revoked her membership, while the transgender person who had been photographed by her was left alone. Planet Fitness also doubled down on its decision, saying that its policy allows people with certain gender identities to use whichever locked room they see fit.

With that being said, they said people cannot act in bad faith, or their memberships could be canceled.

However, now it seems there are more pictures of the trans woman who had been originally photographed going around as she uses the gym’s locker room. People on the more conservative side of politics have called on others to cancel their Planet Fitness memberships nationwide.

Shutterstock

It seems this has had a big effect, as Planet Fitness’s stock price has taken a big hit. The market value has also plummeted, with stocks going from $66 to about $56 over the course of just 12 days.

The company’s market cap has also fallen around $400 million. The group has gone from $5.3 billion to about $4.9 billion in the course of just five days!

Related Posts

A woman who was looking for a boyfriend in the internet chats ended up being… See more

A woman who was looking for a boyfriend in the internet chats ended up being… See more

A woman who had been openly sharing her hopes of finding a genuine boyfriend in an online group became the center of unexpected attention after her story…

Jennifer Aniston Shows 0ff More Than She Wanted, Hold Your Breath…

Jennifer Aniston Shows 0ff More Than She Wanted, Hold Your Breath…

We’re diving into Jennifer Aniston’s latest stunning beachside photo. Known for her iconic role as Rachel Green on Friends, Jennifer continues to inspire with her timeless beauty…

RIGHT NOW, PLANE WITH MORE THAN 244 ONBOARD

RIGHT NOW, PLANE WITH MORE THAN 244 ONBOARD

Louisville, Kentucky — Federal investigators and local authorities are examining the cause of a deadly UPS cargo plane crash at Louisville Muhammad Ali International Airport that killed…

Young man puts both daughters inside the fir… See more

Young man puts both daughters inside the fir… See more

A troubling situation unfolded earlier this week when a young father made a decision that left his entire community shaken. According to early reports, he placed both…

Carrie Underwood, 42, is showing off her new boyfriend… and you better sit down, because you might recognize him!

Carrie Underwood, 42, is showing off her new boyfriend… and you better sit down, because you might recognize him!

Country music superstar **Carrie Underwood**, 42, has fans buzzing after sharing photos of her new boyfriend on social media. The singer, known for hits like *Before He…

Chelsea Clinton Slams Trump Renovation

Chelsea Clinton Slams Trump Renovation

She watched her childhood vanish in real time. One push of a button, and the East Wing she once raced through as a little girl was rubble…