XPost: soc.women, alt.business, alt.transgendered
XPost: talk.politics.guns, alt.fan.rush-limbaugh
From: pothead@snakebite.com
On 2024-04-10, useapen wrote:
> Planet Fitness Inc. (NYSE:PLNT) Founder and CEO Mike Grondahl detailed a
> history of rampant abuse at the company and alleged it misrepresented its
> financials during a recent interview with controversial right-wing X user
> Libs of TikTok.
>
> This comes after weeks of calls for boycotts of the brand after the
> company canceled the membership of a Planet Fitness gym goer after
> speaking out about a biological male in the women's locker room.
>
> Planet Fitness's policy allows gym members to use the locker room
> associated with their gender identity. But this policy has led to a few
> high-profile cases of women feeling uncomfortable in Planet Fitness
> womens locker rooms, and some women and children have reported abuse and
> sexual harassment at the facilities. Many of these incidents resulted in
> the women losing their membership, but an arrest was made in at least one
> instance, as previously reported by Benzinga.voir dire
>
> In the 15-minute interview, Grondahl outlined the history of the company
> and the reason behind its founding. Grondahl started the gym, noting the
> Judgement Free Zone was meant to be a welcoming signal to novice gymgoers
> looking for a place to start. But when speaking about the company today,
> Grondahl says it's "devastating" what it's become.
>
> "Planet Fitness was like another child for me. And I put my heart and soul
> into building that company and it's been pretty much destroyed in, ya
> know, its lost all respect within the country within the last couple
> weeks," he said. "There's no common sense standing behind this."
>
> Grondahl told Libs of TikTok he didn't approve of the policies or the
> response to them in recent weeks. Grondahl sold the company to private
> equity in November 2012 and lost control. Following the sale, he remained
> CEO until he was ousted after he reported that the chief administrative
> officer (CAO) and general counsel hired by the private equity firm had
> been found guilty of multiple charges over several years and abused minors
> on several occasions. In two instances, he was a teacher and was found
> guilty of abusing his students. The CAO left Planet Fitness in 2017.
>
> "When we went public, the majority of the board knew that this lead
> attorney was a pedophile. It's in the culture." Grondahl said during the
> TikTok interview.
>
> The Planet Fitness "culture" includes accusations of widespread abuse at
> the company.
>
> "It started at the corporate office, this attorney started abusing
> employees, then he's abusing them sexually, now the culture leads into the
> people doing the right thing are being thrown out of Planet Fitness,"
> Grondahl said.
>
> While it's clear Grondahl is not a fan of the policies and politics going
> on at Planet Fitness at any level, he went on to detail some more claims
> that might end up further hurting their stock price. Grondahl said, "Their
> numbers are very suspect," referring to Planet Fitness's financials.
> Grondahl, having founded and led the company for over a decade, has a deep
> understanding of the interworking and economics needed to open a Planet
> Fitness location.
>
> "I hope those people are buying in short because the way that they report
> their same-store sales and the amount of units that they can say that they
> can put in America is complete bullsh*t," Grondahl said.
>
> About 60,000 people must live in an area to maintain a 10,000-member
> Planet Fitness club.
>
> According to the 2020 U.S. Census, there are currently 650 cities in the
> U.S. with more than 60,000 members and only 806 with more than 50,000
> people.
>
>
> Planet Fitness has 18.7 million members across 2,575 gyms around the
> world. It would likely require tens of thousands of members or more to
> begin to make a dent in its bottom line. While this is possible, it's
> notoriously difficult to cancel a Planet Fitness membership unless you're
> one of the people speaking out against the company. One short report from
> the "Bear Cave" in January 2023 dubbed Planet Fitness an "illegal billing
> operation with gyms on the side." Planet Fitness is down 23% since that
> report came out.
>
> That doesn't mean members aren't trying. According to Google Trends,
> there's been a 2,800% surge in inquiries such as "how to cancel Planet
> Fitness membership on app." Google marked "How do I cancel my Planet
> Fitness membership" as a "breakout" trend, noting a recent rise in search
> results for this query.
>
> Near the end of the video, Libs of TikTok account owner Chaya Raichik said
> there have been "mass cancellations" although nothing has been confirmed
> or substantiated.
>
> Benzinga reached out to Planet Fitness for comment and will update the
> story accordingly.
>
> https://www.benzinga.com/general/24/04/38160627/planet-fitness-has-been-
> pretty-much-destroyed-says-company-founder-amid-speculation-on-boycott-
> cance
Go woke.
Go broke.
People are sick of the disgusting behavior.
The conservatives do not have as loud a voice as the liberal progressives,
however they are out
there in large numbers.
Call them 'the silent majority'.
--
pothead
Tommy Chong For President 2024.
Crazy Joe Biden Is A Demented Imbecile.
Impeach Joe Biden 2022.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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