Planet Fitness value plummets $400M after transgender turmoil

Planet Fitness critics are saying “go woke, go broke,” calling on the top fitness chain to receive the “Bud Light” treatment after an uproar over its transgender locker room policy created a social media stir.

The chain saw a $400 million dive in valuation from $5.3 billion to $4.9 billion just days after revoking an Alaska woman’s membership for snapping photos of a transgender woman, who was biologically male, shaving in the women’s locker room, according to a Daily Mail report.

Patricia Silva’s issue was first reported by the conservative X account Libs of TikTok, which has since continuously urged gym goers to boycott the chain and blasted the company for creating unsafe spaces for women. On Tuesday, the account shared an update regarding the valuation drop.

PLANET FITNESS REVOKES WOMAN’S MEMBERSHIP AFTER SHE SNAPPED PHOTO OF TRANSGENDER WOMAN IN WOMEN’S LOCKER ROOM

A Planet Fitness health center. (Don and Melinda Crawford/UCG/Universal Images Group via Getty Images / Getty Images)

“Whoa. Planet Fitness saw $400 Million wiped off its value since we broke the story of them allowing men in female lockers rooms and then banning the woman who exposed it. Turns out people don’t want to support companies who cave to gender pseudoscience and allow men in womens’ private spaces! #BoycottPlanetFitness Do not let up! Keep it going!” the post read.

Ticker Security Last Change Change %
PLNT PLANET FITNESS INC. 63.30 -0.80 -1.25%

Silva claimed a 12-year-old girl who was in the locker room was also uncomfortable with the biological male’s presence.

Planet Fitness confirmed Silva’s membership was canceled after taking photos and/or videos in the locker room –—a policy violation.

16-YEAR-OLD SAYS SHE WAS KICKED OFF SWIM TEAM FOR PROTESTING BIOLOGICAL MALES IN YMCA GIRLS’ LOCKER ROOM

Libs of TikTok post

Libs of TikTok posted about the value loss of Planet Fitness days after bringing the incident to the X platform. (Libs of TikTok/FOX Business)

In an earlier statement to Fox News Digital, Planet Fitness chief corporate affairs officer McCall Gosselin clarified company policy on gender identity.

“As the home of the Judgement Free Zone, Planet Fitness is committed to creating an inclusive environment,” he said in the statement.

“Our gender identity non-discrimination policy, states that members and guests may use the gym facilities

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