Target is facing a class-action lawsuit from shareholders, accusing the retailer of misusing funds to push political and social goals through its diversity, equity, and inclusion (DEI) initiatives.
The lawsuit claims this strategy led to significant financial losses, including a 22% dip in stock prices. Target had faced customer boycotts for its controversial "Pride" merchandise earlier, and critics argue the company's actions have resulted in stock being sold at inflated prices, misleading investors.
No response yet from @Target.