Ben And Jerry’s Faces Billions In Losses After Launching Scathing Attack On America – Sharesplosion

In a recent controversy that has shaken the nation, Ben and Jerry’s, known for their delightful ice creams, has faced intense criticism and significant financial backlash following their controversial tweet on July 4th. The company critiqued American history, suggesting the U.S. was founded on stolen Indigenous land and proposing a commitment to restitution, with reactions reverberating throughout social media and leading to calls for boycotts from their consumer base.

While businesses typically bathe in patriotic expressions during Independence Day, Ben and Jerry’s chose a starkly different message, stating, “The United States was Founded on Stolen Indigenous Land. This Fourth of July, Let’s Commit to Returning It.” This stance diverges sharply from the customary celebratory messages, positioning them in the center of a heated debate.

The fallout was swift as the parent company, Unilever, watched as billions were shaved off its market capitalization. The company’s move has drawn significant parallels to previous instances where brands like Bud Light and Kohl’s faced economic hits due to their social statements.

Social media did not take kindly to Ben and Jerry’s announcement. Prominent figures and everyday users alike challenged the company to lead by example and vest ownership of their properties to Native American communities. Country music star John Rich’s viral tweet encapsulated the sentiment, garnering widespread support for its call to action.

As the backlash grows, Ben and Jerry’s and Unilever have observed substantial economic repercussions, encountering a loss of approximately $2.5 billion in market capitalization. This financial dip is compounded by a vehement boycott movement reminiscent of the Bud Light boycott, evidencing a strong rejection of the company’s ideological stance by a segment of its consumer base.

This backlash is part of a broader cultural reaction against companies engaging in political and social commentary. As some consumers push back against what they view as corporate overreach into societal issues, the scenario underscores the potential perils businesses face when they take public political stances that alienate customers.

Amid this backlash, Ben and Jerry’s is called to reckon with its public relations and strategic approaches as they navigate the substantial challenges posed by their recent social media activism. The unfolding events will serve as a critical lesson to other brands considering similar paths. The resilience of Ben and Jerry’s in the months to come will be telling of the lasting impact such controversies can have on well-established brands.