Starbucks Reacts To Exec. Order By Committing to 10,000 Refugee Hires. This IMMEDIATELY Happens

Starbucks announced on Friday that, in response to President Trump’s executive order on U.S. refugee policy, they’d be hiring 10,000 refugees in 75 countries over the next five years.

Almost immediately, the market spoke—and Starbucks stock dropped 4%.

Check it out (via Binary Tribune):

In the week ended on January 29th the shares of the coffee retailer lost 2.67% of their market value compared to a week ago, which marked a second consecutive period of decrease and also the worst performance since the week ended on September 11th. The stock has pared its advance to 1.08% so far during the current month, after falling 4.23% in December. The latter has been the largest monthly drop since last April. For the entire 2016, the shares of the NASDAQ-listed retailer lost 7.51%.

 

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