Starbucks loses USD 12 billion in value amid boycott campaigns

American coffee giant Starbucks has suffered a staggering loss of more than 12 billion dollars in market value due to boycott campaign and employee strikes in solidarity with Palestinians.

Since October 7, American and European brands are facing boycotts worldwide due to



Western governments’ support for Israel, causing more than 16,000 of civilian deaths in the Gaza Strip conflict.

On Wednesday, December 6, Starbucks shares fell after sales numbers declined by more than 1 percent, which is the company’s largest loss since its IPO in 1992.