NEW YORK – Howard Stern’s recent comments criticizing Trump supporters as “stupid” have triggered a wave of backlash and coincided with a significant decline in Sirius XM’s stock price. On September 20, Stern, speaking on his show, made it clear that he held little respect for people who support former President Donald Trump, expressing that he doesn’t agree with their political stance and labeling them as unintelligent.
In response, Trump fired back, accusing Stern of having “gone woke” and claiming that this has led to a decline in his radio audience. Trump’s comments amplified the media attention around the incident, which may have contributed to broader discussions and potential impacts on investor sentiment.
“This whole idea of you like me, you are good, and if you don’t, you are bad… I’ve been the victim of this,” Stern said during a recent episode of “The Howard Stern Show” (via The Daily Beast). “I don’t agree with Trump politically, I don’t think he should be anywhere near the White House. I don’t hate the guy. I hate the people who vote for him. I think they’re stupid. I do. I’ll be honest with you, I have no respect for you.”
“This whole idea of you like me, you are good, and if you don’t, you are bad… I’ve been the victim of this,” Stern said during a recent episode of “The Howard Stern Show” (via The Daily Beast). “I don’t agree with Trump politically, I don’t think he should be anywhere near the White House. I don’t hate the guy. I hate the people who vote for him. I think they’re stupid. I do. I’ll be honest with you, I have no respect for you.”
Amid this controversy, Sirius XM’s stock, which was priced at $39.90 on September 24, dropped to $27.18 by October 21. This sharp decline aligns with other financial challenges the company faced, including a reverse stock split as part of a recent merger.
A reverse split is typically aimed at stabilizing a struggling stock, but it can sometimes signal to investors that the company is facing underlying issues. For Sirius XM, market watchers are pointing to multiple contributing factors, such as the split, mixed earnings reports, and lower cash flow forecasts, which combined with the public relations storm, have added pressure on its stock.
While Howard Stern’s comments stirred the pot, the broader financial difficulties and restructuring moves likely played a significant role in Sirius XM’s stock woes.
Read More:-
Note: Thank you for visiting our website! We strive to keep you informed with the latest updates based on expected timelines, although please note that we are not affiliated with any official bodies. Our team is committed to ensuring accuracy and transparency in our reporting, verifying all information before publication. We aim to bring you reliable news, and if you have any questions or concerns about our content, feel free to reach out to us via email. We appreciate your trust and support!
