Alice Amendola / AP
- The Goodyear Tire & Rubber Company dropped as low as 6% on Wednesday when President Donald Trump asked his 85 million Twitter followers to boycott Goodyear Tire.
- Trump tweeted, “Don’t buy Goodyear tires – they announce a ban on Magnet Hits.”
- Trump’s tweet was sparked by an image shared on social media this week to show a slide of a Goodyear employee training presentation stating that “maga attire” is considered “unacceptable” in the workplace.
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President Donald Trump is no longer a fan of the Goodyear Tire & Rubber Company, if a boycott tweet to his 85 million followers on Wednesday is no indication.
10:33 am, Trump Tweeted: “DON’T BUY GOODYEAR TIRES – They announced a ban on Maga Haat. Get better for less! (This is what Radical Left Democrats do. Two can play the same game, and we’ll have to start playing it).” “
A minute later, Ohio-based Goodyear’s shares fell to an intraday low of $ 9.15, representing an intraday decline of 6%.
The tweet was a response to an image shared on social media this week.
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The image is said to show a slide of a presentation at a Goodyear employee training session. The slide states that “Maga Attire,” “Political Affiliate Slogans or Content,” “All Lives Matter,” and “Blue Lives Matter” are “unacceptable” in the workplace, while “Black Lives Batter” and “Lesbian, Gay, Bisexual” , Transgender pride “are acceptable.”
In Tweeted statement, Goodyear said the slide was not “created or distributed” by Goodyear Corporate.
The company also said that it asks allies to “avoid workplace expressions in support of political propaganda for any candidate or political party, as well as similar forms of advocacy that range from racial justice and equity issues Are out. “
Goodyear’s shares are down 40% year-over-year.
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