Uh Oh! GrubHub Stock DROPS After Demanding Trump-Voting Employees Quit
If I had to venture a guess, I'd wager you probably haven't heard of GrubHub. That is unless you saw their attempt to purge Trump-voting employees in the news last week (see TOLERANCE: GrubHub CEO Tells Trump-Supporting Employees They're Hateful Racists...). Now they've found themselves under an unflattering light, thanks to CEO Matt Maloney. He's the dude who sent out the email and started the witch hunt. Apparently GrubHub's stocks didn't respond too kindly...
GrubHub, an online food delivery service, is facing a firestorm after CEO Matt Maloney sent an anti-Donald Trump email to employees.
Maloney also wrote in the email to 1,000-plus employees that Trump's "nationalist, anti-immigrant and hateful politics" have no place at GrubHub. "If you do not agree with this statement, then please reply to this email with your resignation because you have no place here. We do not tolerate hateful attitudes on our team."
Now the company is facing a backlash and a significant stock drop. GrubHub (NYSE: GRUB) shares closed Friday at $35.31, a drop of nearly five percent.
The app currently has a star rating of 1 1/2 out of 5.
Just imagine what Matt Maloney must be going through right about now. He woke up one day thinking he would make an excellent point via email. It would put a few Trump supporters in their place. Maybe even change the world. Such is the wishful thinking of the left. Except none of that happened. Instead, it backfired big time.
Look, nobody is saying CEO's shouldn't be able to say what they please when they please. For what it's worth, Maloney can twiddle his thumbs and spittle nursery rhymes if he so chooses. It would probably help his stocks bounce back. It certainly couldn't do any more damage than when he previously opened his diarrhea dungeon of a mouth.
The problem here? Alienating half the country with baseless accusations isn't exactly good for business. Ask any leftist who tried it (see LIVID: Wanda Sykes Loses It When Crowd Boos Her Anti-Trump Tirade and Uh Oh! Bud Light Pulls Amy Schumer, Seth Rogen Ad After Sales Drop). And demanding people to quit simply over political differences? Possibly not the best idea. Might I suggest taking a leadership class. Also anger management.
There's been quite a few accusations being javelin tossed around lately. I'm beginning to sense a pattern...
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