The CEO of controversial healthcare company Hims & Hers says he and other executives are “enthusiastic” about hiring them, after the company’s stock drops nearly $210 million in one day. In response, he withdrew his praise for anti-Israel student demonstrators.
Andrew Dadham took to Twitter on Sunday to “clarify” his previous comments, in which he accused student demonstrators last week of violent and destructive university demonstrations that escalated nationwide, with 2,000 He appealed for continued solidarity as more people were arrested.
“The last few days have been a disheartening reminder of how divided we live in times. My words have been misunderstood by some and I would like to clarify a few things.” tweeted the Hims & Hers boss.
“I in no way condone or support acts or threats of violence, anti-Semitism, or intimidation, and there is no good reason to justify violence on campus.
“All students have the right to feel safe without fear of being harmed or targeted themselves. We are deeply saddened that this has been interpreted by some as promoting bigotry.”Friday — Opening $12.24 to $11.26. The company’s market capitalization began at $2.62 billion and ended at $2.41 billion.
After an initial decline, Hims & Hers stock continued to decline in after-hours trading on Friday and Saturday.
Before the market opened on Monday, the stock was still down 8%.
The decline came after Dudum declared that companies were willing to hire disciplined protesters and encouraged them to apply to Hims and Hers.
Dudum, who is Palestinian-American, tweeted in support of the students, saying, “Moral courage > a college degree.”
“If you are currently protesting the genocide of Palestinians or the withdrawal of universities from Israel, please continue. It is working.
“Regardless of your field of study, there are many companies and CEOs who would like to hire you,” Dudum added, along with a link to job openings at his company.
In a follow-up thread on Twitter on Sunday, Dudum said he “deeply believes in the right of people to use their voices in peaceful protest to promote change.”
“This right is critical to our democracy and must be protected. Our world today is one where students throughout history have had the courage to come to campus and use their voices. “We have forced change so it is more fair,” he added.
“Americans have participated in nonviolent protests for generations, and these movements have led to some of the most important changes in our nation’s history.”
Mr. Dudum’s initial tone was markedly different from that of other CEOs who have ridiculed student protesters or vowed not to hire them.
Palantir CEO Alex Karp slammed the protesters last week, saying they should be sent to North Korea as part of an “exchange program” to give them prospects. was.
Meanwhile, Bill Ackman, the head of Pershing Square Capital Management, said he would not hire a Harvard student who signed a letter that allegedly blamed Israel for the violent Oct. 7 attack by Hamas. He was one of the first to make a public declaration.
