Boycott movement is going on in full swing all over the world condemning Israel's war on Gaza and hit massively all the western brands supportive of Israeli killing in Palestine.
McDonald's is one of many Western franchises that is being targeted by a boycott campaign over their support for the Israeli Occupation Forces (IOF). This company loses $7 billion within hours in this boycott movement.
Moroccan World News report says, Ian Borden, the fast-food giant’s Chief Financial Officer, announced that, within hours, the boycott campaign had resulted in financial losses of approximately $7 billion.
The company’s shares plunged by over 3 percent during last Wednesday’s trading session, marking one of its most significant daily losses in five weeks.
And the company's stocks nosedived by 3.37 percent, equivalent to $9.93, settling at $284.36 on Thursday, thereby translating into a colossal loss of $6.87 billion for the renowned corporation.
The news comes hot on the heels of Borden’s acknowledgment that ongoing conflicts in the Middle East and subdued demand in China would inevitably lead to a decline in international sales for the company in the current quarter.
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