Starbucks' Unprecedented Losing Streak: $11 Billion in Losses
Starbucks is experiencing a record-breaking streak of losses, with its stock dropping 1.6% on Monday, marking the 11th straight day of decline. The sales slowdown, which began in November, has wiped out 9.4% of Starbucks' market value. Analysts attribute the decline to subdued China data, weaker sales trends, and recent boycotts and labor strikes. Investor concern is growing as Starbucks' sales fall short of expectations, leading to a downward spiral in the stock.