Mass Exodus From CitiGroup After They Go Full Anti-Second Amendment – Gun Control By Proxy Backfires Again
Mass Exodus From CitiGroup After They Go Full Anti-Second Amendment – Gun Control By Proxy Backfires Again By Susan Duclos – All News PipeLine
After Dick’s Sporting Good’s arbitrarily decided to jump into the anti-second amendment battle by refusing sell sporting rifles and banning sales of those weapons to anyone under 21, they announced they had seen “deeper than expected sales decline, as their stocks sunk.
CEO of Dick’s Edward Stack said in an earnings call, “There’s going to be some pushback and we expected that. There are going to be the people who don’t shop us anymore for anything.” Stack also predicted the decision is “not going to be positive from a traffic standpoint and a sales standpoint.”
Since then, the company’s shares have fallen 7.3 percent after going up 13 percent in 2018. The company also failed to hit projected sales of $2.74 billion for this quarter coming in at just $2.66 billion. The sporting goods company is set to open 19 new stores this year and has hopes that doing so will bolster their waning image.
While they were praised by anti-second amendment activists pushing for new gun control laws, that praise did not bring them new customers, but it did cost them the the business of second amendment supporters, which was the predicted outcome when a business decides to step into the political fray.
Dick’s, along with Walmart, are now being sued for age discrimination, with one suit claiming Dick’s is violating the Elliot-Larsen Civil Rights Act, which “prohibits discriminatory practices, policies and customs on the basis of religion, age, race, national origin, sex, height, weight and other factors,” according to multiple reports.
CITIBANK (CITIGROUP) GOES FULL ANTI-SECOND AMENDMENT
Ignoring the lesson of the whole Dick’s Sporting Goods fiasco, on March 22, 2018, CitiBank announced new “Firearms policy,” in where they decided to tell companies that do business with them what the “best practices” are regarding firearms. In other words, Citi Group is attempting to force companies to comply with their political ideology.
But we want to do our part as a company to prevent firearms from getting into the wrong hands. So our new policy centers around current firearms sales best practices that will guide those we do business with as a firm.
Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn’t impact the ability of consumers to use their Citi cards at merchants of their choice.
We know our clients also care about these issues and we have begun to engage with them in the hope that they will adopt these best practices over the coming months. If they opt not to, we will respect their decision and work with them to transition their business away from Citi.
The social media reaction to @citi’s announcement was an immediate mass exodus, with users closing accounts, tearing up cards, closing accounts at Home Depot, Sears, and other companies that use CitiBank credit cards, as can be seen in their Twitter announcement thread, as users took them at their word and decided to “transition their business away from Citi.”
Another immediate reaction could be seen in the fall of their stock prices, which coincidentally started right after they announced they were going full anti-second amendment.
CitiBank phone: 1 (800) 374-9700
Online Contact Page: https://online.citi.com/US/ag/contactus
List of Citi Affiliates: https://www.citi.com/CRD/html/Citi_Affiliates.html
GUN-RELATED VIDEO CREATORS JUMP TO PORNHUB AHEAD OF YOUTUBE BAN
YouTube, already known for their censorship practices against conservatives and Independent Media, announced they would also be cracking down on content creators that make videos related to the manufacturing or sale of weapons, which in turn has led many of those content creators to head on over to Pornhub where their content would not be censored.
Gun vloggers InRange made their announcement via Facebook (Archive is link here):
InRangeTV takes pride in its consistently forward looking approach to digital media in today’s world of partisan censorship, fake news, and corporate encroachment into publication of potentially controversial information. YouTube’s newly released released vague and one-sided firearms policy makes it abundantly clear that YouTube cannot be counted upon to be a safe harbor for a wide variety of views and subject matter.