The company’s stock price has fallen to roughly $51 after closing at $52.28 during Monday’s shortened trading — and the day before Ben & Jerry’s posted its unpatriotic tweet. The result has seen its market cap drop to $131 billion from the roughly $133.5 billion on Monday.
Why did Ben & Jerry lose $2.5 billion in market cap?
Ben & Jerry’s parent company has lost roughly $2.5 billion in market cap amid calls to boycott the Vermont-based ice cream maker over a July 4 tweet condemning the US for existing on “stolen Indigenous land.”
Did Unilever buy Ben & Jerry's?
Unilever bought Ben & Jerry's 24 years ago. Now it's exiting the ice cream business. By Aimee Picchi Edited By Alain Sherter Updated on: March 19, 2024 / 3:04 PM EDT / CBS News Unilever's ownership of quirky ice cream maker Ben & Jerry's is coming to the end of its sometimes rocky road.
