On Twitter, Trump Attacks Major Ohio-Based Employer, Causing Its Stock To Drop
President Donald Trump took to Twitter on Wednesday morning to attack Goodyear Tire and Rubber Co., causing the Ohio-based company’s stock to fall.
- Bloomberg News reporter Jennifer Jacobs tweeted that Goodyear fell 3 percent after the president’s comment, which included a call to boycott the company.
- “Goodyear falls 3% as Trump says not to buy its tires because it decided to ‘allow our associates to express their support on racial injustice’ but ‘ask that they refrain from workplace expressions ... in support of political campaigning for any candidate or political party,’” Jacobs wrote.
- Trump’s tweet read: “Don’t buy GOODYEAR TIRES - They announced a BAN ON MAGA HATS. Get better tires for far less! (This is what the Radical Left Democrats do. Two can play the same game, and we have to start playing it now!).”
- The issue was sparked by reporting that a presentation during diversity training included a slide stating that support for Black Lives Matter (BLM) and lesbian, gay bisexual and transgender pride were acceptable in the workplace.
- Listed as unacceptable were Blue Lives Matter, All Lives Matter, MAGA attire, and politically affiliated slogans or material.
- Following the controversy, Goodyear said in a statement:
“Goodyear is committed to fostering an inclusive and respectful workplace where all of our associates can do their best in a spirit of teamwork. As part of this commitment, we do allow our associates to express their support on racial injustice and other equity issues but ask that they refrain from workplace expressions, verbal or otherwise, in support of political campaigning for any candidate or political party as well as other similar forms of advocacy that fall outside the scope of equity issues.”