"Planet Fitness Stock Plummets $400M Amid Transgender Controversy and Boycott Calls"
Planet Fitness faced a $400 million drop in valuation following backlash over its transgender locker room policy, which resulted in the revocation of a woman's membership for taking photos of a transgender individual in the women's locker room. Critics, including conservative groups and even Elon Musk, have called for a boycott, accusing the chain of creating unsafe spaces for women. The controversy has sparked a debate over gender identity and privacy in public facilities.