Chick-Fil-A, who has been very generous with charities, has finally decided that it will stop funding those that are anti-LGBTQ. The Salvation Army and Fellowship of Christian
Athletes are two of the receiver of Chick-Fil-A’s millions of dollars donation. It is known that both organizations are frank with their stand on same-sex marriage. They have long been opposing this issue. On Monday, Chick-fil-A announced that it would not be funding anymore the organization.
A spokeswoman from Chick-fil-A said, “We made multi-year commitments to both organizations, and we fulfilled the obligations in 2018. The company would focus it’s giving on education, homelessness, and hunger” to Thomson Reuters Foundation.
It has not been a secret that this company has faced some severe criticisms regarding its choice of charitable donations. Since Chick-fil-A is going to expand outside, a lot of pressure has been placed for the company.
Arkansas Governor Mike Huckabee made his statement on his social network, Twitter, “In Aug 2012, I coordinated a national @chickfilA Appreciation Day after militant hate groups were bullying them. Millions showed up. Today, @ChickfilA betrayed loyal customers for $$. I regret believing they would stay true to the conviction of founder Truett Cathey. Sad.
Why Stop Chick-Fil-A?
This Georgia-based chain has been under stress from the LGBTQ community. In 2020, it will change its course. A statement was released “Beginning in 2020; We have also proactively disclosed our 2018 tax filing and a preview of 2019 gifts to donate on chick-fil-afoundation.org.”
The foundation plans to donate $9 million next year to Junior Achievement USA, Covenant House International, and local food banks. Furthermore, “The intent of charitable giving from the Chick-Fil-A Foundation is to nourish the potential in every child.” This year, it has given more than $6 million to different charities.
President and Chief Operating Officer of Chick-fil-A also added that “no organization will be excluded from future consideration – faith-based or non-faith-based.”
Chick-fil-A has over 2,400 branches all over the United States. Since years, their stand on LGBTQ has been a source of boycott from this community. It started in 2012 when Dan Cathy, the CEO, mentioned “the biblical definition of the family unit, which is the marriage of man and woman.
Many conservatives were irked by the move. LGBTQ activists weren’t impressed and said, “If Chick-fil-A is serious about their pledge to stop holding hands with divisive anti-LGBTQ activists, then further transparency is needed regarding their deep ties to organizations like Focus on the Family.
Chick-fil-A investors, employees, and customers can greet today’s announcement with cautious optimism but should remember that similar press statements were previously proven to be empty,” according to Drew Anderson, director of campaigns for GLAAD.
Others, on the other hand, see it as a vengeance to the Chicken Wars between Popeyes fried chicken and that they are desperate for market shares.
China: Luckin Coffee Shares Fall After $310M Potential Fraud
Luckin Coffee has disclosed on Thursday that they made an internal investigation, and its chief operating officer fabricated their sales in 2019 by 2.2 billion yuan ($310 million).
The shares plummeted by 80% after they released the filing.
The Chief Operating Officer, Jian Liu, and other employees who were reporting to him were engaging themselves in misconduct and are now suspended.
The company will be taking legal action for people who took part in it and are responsible for those conducts. Jian could not be found anymore for an interview.
Luckin is a two and a half-year-old company and has goals to overtake Starbucks in China, the top coffee chain currently in the country.
The investors are not relying on their previous financial statements and earnings, which were released for nine months. They announced earlier that heir net sales for the first nine months of 2019 were 2.9 billion yuan ($413 million).
In their statement, “As a result, investors should no longer rely upon the company’s previous financial statements and earnings releases for the nine months ended September 30, 2019, and the two quarters starting April 1, 2019, and ended September 30, 2019, including the prior guidance on net revenues from products for the fourth quarter of 2019, and other communications relating to these consolidated financial statements.
The company said that its investigation is still at its initial stage, and its independent auditor does not verify estimates of the fabrication of sales. Kirkland & Ellis will do their counseling and FTI Consulting for forensic accounting expertise.
Back in January, the Muddy Waters Research said that they found something fraudulent with their business.
On its official Twitter page, it said, MW is short $LK. We received an unattributed 89-page report alleging $LK is a fraud: “number of items per store per day was inflated by at least 69% in 2019 3Q and 88% in 2019 4Q, supported by 11,260 hours of store traffic video” We view the work as credible.
However, Luckin replied and said that the seller’s report was false and misleading. The founder of Muddy Waters said Luckin shows precisely why we need short sellers in the market. We believed this report was credible when we read it, and that’s why we took a position.
This is again a wake-up call for U.S. policymakers, regulators, and investors about the extreme fraud risk China-based companies pose to our markets.”
In May, Luckin started its trade on the Nasdaq, and since then, making it to the public market, it gave the company a market value of $1.3 billion. Furthermore, the company has tried a customer-based format and offering excellent discounts to the market.
For January of this year, it already has more than 4,500 branches in China, a few hundred more than Starbucks in the country. Starbucks, on the other hand, responded to its competitiveness and opened more cafes in China for quick picks and delivery and less on seating capacities in their cafes.
Horrible Coronavirus Prank: Woman Coughs at Fresh Produce in Pennsylvania Supermarket
Despite the different challenges, the novel coronavirus has gotten to people; some still lack empathy and are unthoughtful over the welfares of others.
A woman doing her shopping yesterday at the Gerrity’s Supermarket at the Hanover Township, Pennsylvania, coughed all over the store’s fresh produce, at that time many believe they have a coronavirus and has resulted in a lot of food waste and rotten.
The owner believes that this is a twisted prank of her.
The store has to throw everything she came in contact with, including the bakery and meat case for safety and health reasons.
This nuisance and wastage cost about $35,000 and not to mention the workforce disinfecting the area together with a health inspector.
The good part was that they were able to take out the prankster from the store and contacted the authorities.
The owner said they would fill numerous charges to her. It is unclear yet if the woman is infected with the novel coronavirus.
Here is the whole post from Gerrity’s Supermarket on their Facebook page:
The post has 4700 comments, 11,000 shares, and 10,000 emoji reactions.
One Facebook user said, “Please sue her personally. Make an example of people like her so that maybe they’ll be a little more afraid to be the sorry excuses of human beings that they are. Thank you for taking precautions.”
Another one said, ” Causing or risking a catastrophe, reckless endangerment, criminal mischief and disorderly conduct -just to name a few charges she should be charged with! And TOTAL RESTITUTION!”