McDonald’s market value loses $6 billion in 4 days

McDonald’s lost more than $6 billion of its market value in 4 days after the CEO admitted that the business of the Middle East region was affected.

Shares of the fast food chain company declined after it witnessed boycott campaigns due to its supportive stance and alleged financial ties to Israel.

The CEO of McDonald’s said that many markets throughout the Middle East are witnessing a tangible commercial impact due to the war and what he described as the misinformation associated with it.

He added that false information about the company’s support for Israel has a tangible impact on its sales in the Middle East.