The stock price of online health company Hims & Hers Inc. plunged 8% on Friday, just days after its CEO voiced eagerness to hire students disciplined for participating in anti-Israel protests on college campuses.
The company's shares dropped from an opening price of $12.24 to $11.26 amid backlash over comments made by Palestinian-American CEO Andrew Dudum on Twitter.
Moral courage > College degree
If you're currently protesting against the genocide of the Palestinian people & for your university's divestment from Israel, keep going. It's working.
There are plenty of companies & CEOs eager to hire you, regardless of university discipline.…
— andrewdudum (@AndrewDudum) May 1, 2024
"If you're currently protesting against the genocide of the Palestinian people & for your university's divestment from Israel, keep going. It's working," Dudum tweeted on Thursday. "There are plenty of companies & CEOs eager to hire you, regardless of university discipline."
"Moral courage > College degree," Dudum tweeted on Thursday, amid the nationwide anti-Israel protests at universities that have seen more than 2,100 people arrested.
Dudum's tweet came as over 2,100 students have been arrested amid nationwide demonstrations calling for universities to divest from Israel over its military offensive in Gaza. Hundreds more protesters have faced suspensions or bans from campus activities.
Video: Police arrest dozens of anti-Israel protesters on Columbia campus / Credit: Reuters
Dudum added a link to job openings at the telehealth startup he co-founded in 2017. The CEO's stance marked a sharp contrast to other business leaders like Bill Ackman, who said he would not hire students from Harvard after they signed a letter appearing to blame Israel for a Hamas attack.
Hims & Hers has not officially commented on the stock dip. Dudum has family in Gaza and the West Bank.
