Elon Musk, billionaire entrepreneur, has commented that investors may take legal action against Target Corp. if it continues to lose value due to the controversy over its Pride merchandising decisions. Recently, JPMorgan Chase & Co. downgraded Target's stock from 'overweight' to 'neutral.' In response, Musk tweeted that it is only a matter of time before shareholders file class-action lawsuits against the company and board of directors for destroying the shareholder value.

Musk is not only the CEO of Tesla, Twitter, and SpaceX, but also the world's wealthiest person. He made this comment in reply to Charlie Kirk, a conservative commentator who reported on Target's stock downgrades last week. Kirk mentioned that Target is currently experiencing its longest losing streak in 23 years. As a joke, he finished his tweet with, 'Happy Pride Month, Target!'

Target has suffered backlash from both the left and right concerning its LGBTQ merchandising this year. Last month, the company's excessive LGBTQ merchandise displays outraged many conservatives. Target has supported LGBTQ Pride for years, and this season offered merchandise that included female-style swimsuits with the option to 'tuck' male genitalia. As a result, the company angered left-wing shoppers by relocating and removing some LGBTQ items in an effort to address customer 'outrage'.

Elon Musk, billionaire entrepreneur, has commented that investors may take legal action against Target Corp. if it continues to lose value due to the controversy over its Pride merchandising decisions. Recently, JPMorgan Chase &amp; Co. downgraded Target's stock from 'overweight' to 'neutral.' In response, Musk tweeted that it is only a matter of time before shareholders file class-action lawsuits against the company and board of directors for destroying the shareholder value.
Musk is not only the CEO of Tesla, Twitter, and SpaceX, but also the world's wealthiest person. He made this comment in reply to Charlie Kirk, a conservative commentator who reported on Target's stock downgrades last week. Kirk mentioned that Target is currently experiencing its longest losing streak in 23 years. As a joke, he finished his tweet with, 'Happy Pride Month, Target!'
Target has suffered backlash from both the left and right concerning its LGBTQ merchandising this year. Last month, the company's excessive LGBTQ merchandise displays outraged many conservatives. Target has supported LGBTQ Pride for years, and this season offered merchandise that included female-style swimsuits with the option to 'tuck' male genitalia. As a result, the company angered left-wing shoppers by relocating and removing some LGBTQ items in an effort to address customer 'outrage'.

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