Hims & Hers CEO retracts support for campus protests amid stock decline
The CEO of Hims & Hers, a telehealth pharmaceutical company, faced backlash after supporting campus protests. Andrew Dudum addressed the controversy, emphasizing the importance of peaceful protest and condemning violence and bigotry. The company’s stocks plummeted following the initial statement, prompting Dudum to clarify his stance on social media. Following his support for campus protests, Hims & Hers CEO Andrew Dudum faced backlash. Dudum highlighted the need for peaceful protest and denounced violence and bigotry. The company’s stocks dropped, leading Dudum to clarify his stance on social media.
The CEO of Hims & Hers, a telehealth pharmaceutical company, has issued a new statement on the campus protests happening across the country, after its initial support for them caused the company’s stocks to plummet.
Andrew Dudum had initially encouraged protesters on campus to continue their protests, stating that many companies are “eager to hire you” and included a link to apply at his company. The post sparked controversy online, with Hims & Hers’s stock going down by a noticeable amount from over $13.12 per share on Wednesday to $11.35 per share by Sunday evening.
Dudum said on social media that the past several days had been “a disheartening reflection” on how divisive the current landscape is and clarified how he had not been condoning antisemitism or acts of violence occurring at the protests.
“Every student deserves to feel safe without fear of harm or being targeted for who they are,” Dudum wrote on X. “I am deeply saddened that my support for peaceful protest has been interpreted by some as encouraging violence, intimidation, or bigotry of any kind.”
I, in no way condone nor support acts or threats of violence, antisemitism, or intimidation and there is absolutely no justification for violence on our campuses. Every student deserves to feel safe without fear of harm or being targeted for who they are. I am deeply saddened…
— andrewdudum (@AndrewDudum) May 5, 2024
Dudum also reiterated his support for those demonstrating “in peaceful protest,” stressing how free speech is important in the United States. He added that there is more justice in the present times due to how students in the past “used their voices to force change.”
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His support for the protesters on college campuses was in stark contrast to statements made by other billionaires and CEOs, including Bill Ackman, who criticized Rutgers University for conceding to multiple demands from its protesters. Ackman warned that schools rewarding protesters who break the rules will only get more protests in the future, along with “more extreme rule violations.”
This is crazy. If you reward protestors who violate the rules or worse, you will get more protests and more extreme rule violations. This will not end well for Rutgers. https://t.co/sPFGTC6T5d
— Bill Ackman (@BillAckman) May 3, 2024
The protests happening across multiple college campuses have resulted in several universities canceling their commencement ceremonies, with Columbia University being the latest school to make this decision.
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