Current Events > Gillette loses $8B following their woke campaign on toxic masculinity

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BloodMountain 08/03/19 6:35:34 PM #1:	http://amp.washingtontimes.com/news/2019/jul/31/gillettes-toxic-masculinity-ad-haunts-pg-as-shavin/ The ad released in January was a short film titled "We Believe" which took on the topics of #MeToo and toxic masculinity. The campaign was criticized by some for over generalizing male behavior and being corporate "virtue signaling." P&G's claims contradict statements made this week by Gillette CEO Gary Coombe who told Marketing Week the #MeToo ad campaign had cost the company money but was a "price worth paying." On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown. <cite>BloodMountain posted [p:925577673] in Gillette l... [t:77912497]...</cite> <quote>http://amp.washingtontimes.com/news/2019/jul/31/gillettes-toxic-masculinity-ad-haunts-pg-as-shavin/ The ad released in January was a short film titled "We Believe" which took on the topics of #MeToo and toxic masculinity. The campaign was criticized by some for over generalizing male behavior and being corporate "virtue signaling." P&G's claims contradict statements made this week by Gillette CEO Gary Coombe who told Marketing Week the #MeToo ad campaign had cost the company money but was a "price worth paying." On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown.</quote> ... Copied to Clipboard!
CADE FOSTER 08/03/19 6:36:22 PM #2:	well lol --- https://imgtc.com/i/HXEuaL9.jpg https://imgtc.com/i/xZ5hGDm.jpg https://imgtc.com/i/UZiqG9l.jpg https://imgtc.ws/i/gEfkzml.gif <cite>CADE FOSTER posted [p:925577708] in Gillette l... [t:77912497]...</cite> <quote>well lol</quote> ... Copied to Clipboard!
DarthWendy 08/03/19 6:36:30 PM #3:	lol --- Ave Caesar, Rosae Rosam et Spiritus Rex ! - Voila, ca ne veut absolument rien dire mais l'effet reste le meme https://i.imgtc.com/eRE0ORV.jpg <cite>DarthWendy posted [p:925577710] in Gillette l... [t:77912497]...</cite> <quote>lol</quote> ... Copied to Clipboard!
MrK3V 08/03/19 6:36:44 PM #4:	Lmao --- "Why are you putting someone on blast in your sig? Isn't that bullying another user? You should be ashamed." - Spritelimit <cite>MrK3V posted [p:925577718] in Gillette l... [t:77912497]...</cite> <quote>Lmao</quote> ... Copied to Clipboard!
TheBlueMonk_ 08/03/19 6:37:16 PM #5:	TRUMP WINS AGAIN! so much winning! --- TWICE https://i.imgtc.ws/MjndBj5.gif <cite>TheBlueMonk_ posted [p:925577740] in Gillette l... [t:77912497]...</cite> <quote>TRUMP WINS AGAIN! so much winning!</quote> ... Copied to Clipboard!
Questionmarktarius 08/03/19 6:37:49 PM #6:	BloodMountain posted... On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown. whut. <cite>Questionmarktarius posted [p:925577765] in Gillette l... [t:77912497]...</cite> <quote>BloodMountain posted...</cite> <quote>On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown.</quote> whut.</quote> ... Copied to Clipboard!
Ultima Dragon 08/03/19 6:37:59 PM #7:	Who knew that shitting all over your primary consumer base could have negative consequences? --- "We know things can move faster than the speed of light because liberal tears are on the ground before something offensive even happens" - Coffeebeanz <cite>Ultima Dragon posted [p:925577768] in Gillette l... [t:77912497]...</cite> <quote>Who knew that shitting all over your primary consumer base could have negative consequences?</quote> ... Copied to Clipboard!
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au_gold 08/03/19 6:38:12 PM #9:	Good. --- Let me talk to your mother. Get your mother please. <cite>au_gold posted [p:925577779] in Gillette l... [t:77912497]...</cite> <quote>Good.</quote> ... Copied to Clipboard!
PonyTechTips462 08/03/19 6:38:36 PM #10:	It was toxic advertising, never a good plan for business <cite>PonyTechTips462 posted [p:925577798] in Gillette l... [t:77912497]...</cite> <quote>It was toxic advertising, never a good plan for business </quote> ... Copied to Clipboard!
MrK3V 08/03/19 6:39:00 PM #11:	CloneTheHero posted... Lmao! --- "Why are you putting someone on blast in your sig? Isn't that bullying another user? You should be ashamed." - Spritelimit <cite>MrK3V posted [p:925577805] in Gillette l... [t:77912497]...</cite> <quote>CloneTheHero posted...</cite> <quote></quote> Lmao!</quote> ... Copied to Clipboard!
Abiz_ 08/03/19 6:39:13 PM #12:	It was a weird ad. I think they were trying to target woman because Dollar shave club is eating their lunch and less people are shaving now a days. To target woman by knocking down your bigger consumer base was pretty stupid. <cite>Abiz_ posted [p:925577818] in Gillette l... [t:77912497]...</cite> <quote>It was a weird ad. I think they were trying to target woman because Dollar shave club is eating their lunch and less people are shaving now a days. To target woman by knocking down your bigger consumer base was pretty stupid. </quote> ... Copied to Clipboard!
Lairen 08/03/19 6:39:22 PM #13:	They were bad adds even if they might have been well intended. --- When it rains, it pours. <cite>Lairen posted [p:925577826] in Gillette l... [t:77912497]...</cite> <quote>They were bad adds even if they might have been well intended.</quote> ... Copied to Clipboard!
Dat_Cracka_Jax 08/03/19 6:39:34 PM #14:	They need to go the complete opposite direction now. Make ads like those hot Hardee ads --- http://img826.imageshack.us/img826/8131/flame201010170949481638.jpg http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9 <cite>Dat_Cracka_Jax posted [p:925577831] in Gillette l... [t:77912497]...</cite> <quote>They need to go the complete opposite direction now. Make ads like those hot Hardee ads</quote> ... Copied to Clipboard!
Doe 08/03/19 6:40:10 PM #15:	I'm honestly shocked, most of the time when the usuals whined "get woke go broke" the product ended up a huge success --- https://i.imgtc.com/e2dtpfR.jpg https://i.imgtc.com/oVB3sDe.jpg <cite>Doe posted [p:925577855] in Gillette l... [t:77912497]...</cite> <quote>I'm honestly shocked, most of the time when the usuals whined "get woke go broke" the product ended up a huge success</quote> ... Copied to Clipboard!
J03can 08/03/19 6:40:16 PM #16:	Even though i agree with they were trying to say, we dont need corporations telling us how to fucking think. Also it was rich coming from a company that sells different, more expensive razors to women. --- Jerry, it's Frank Costanza!!! Mr Steinbrenner's here George is dead - call me back!!!! <cite>J03can posted [p:925577858] in Gillette l... [t:77912497]...</cite> <quote>Even though i agree with they were trying to say, we dont need corporations telling us how to fucking think. Also it was rich coming from a company that sells different, more expensive razors to women.</quote> ... Copied to Clipboard!
Abiz_ 08/03/19 6:41:01 PM #17:	Dat_Cracka_Jax posted... They need to go the complete opposite direction now. Make ads like those hot Hardee ads They released a blonde hair blue eye soldier ad soon after. It was kind of comical reaction on their part. <cite>Abiz_ posted [p:925577884] in Gillette l... [t:77912497]...</cite> <quote>Dat_Cracka_Jax posted... </cite> <quote>They need to go the complete opposite direction now. Make ads like those hot Hardee ads</quote>They released a blonde hair blue eye soldier ad soon after. It was kind of comical reaction on their part. </quote> ... Copied to Clipboard!
BloodMountain 08/03/19 6:41:05 PM #18:	So there I was, putting on my rape shoes, and practicing my sexual harassment pickup lines this morning. I just got done cyberbullying my coworkers. It was time to shave, I yelled at my wife to smile because I demand it, while pinching her butt right after she told me she didn't consent to it. Putting on the shaving cream and thinking about how I can get my son into a fight at the next BBQ, I replaced the worn Gillette brand Mach3 and began to chant "boys will be boys" as I started to shave. Then suddenly my daughter burst into the bathroom holding her phone. As I began to mansplain to her why she isn't smart enough to know my shaving time is my time she showed me the new Gillette ad. I realized how my every view and behavior I've ever held dear was wrong. I'm calling in sick at the toxic masculinity factory today and registering Democrat. Thanks Gillette, now excuse me while I help to impeach Trump. <cite>BloodMountain posted [p:925577886] in Gillette l... [t:77912497]...</cite> <quote>So there I was, putting on my rape shoes, and practicing my sexual harassment pickup lines this morning. I just got done cyberbullying my coworkers. It was time to shave, I yelled at my wife to smile because I demand it, while pinching her butt right after she told me she didn't consent to it. Putting on the shaving cream and thinking about how I can get my son into a fight at the next BBQ, I replaced the worn Gillette brand Mach3 and began to chant "boys will be boys" as I started to shave. Then suddenly my daughter burst into the bathroom holding her phone. As I began to mansplain to her why she isn't smart enough to know my shaving time is my time she showed me the new Gillette ad. I realized how my every view and behavior I've ever held dear was wrong. I'm calling in sick at the toxic masculinity factory today and registering Democrat. Thanks Gillette, now excuse me while I help to impeach Trump.</quote> ... Copied to Clipboard!
Awesome 08/03/19 6:41:13 PM #19:	remember when i posted articles a few times months ago about how there were reports that sales were down due to the ad and some people here said " the ceo said sales are not down....so sales are not down and you are posting fake news " LOL --- Hello. <cite>Awesome posted [p:925577892] in Gillette l... [t:77912497]...</cite> <quote>remember when i posted articles a few times months ago about how there were reports that sales were down due to the ad and some people here said " the ceo said sales are not down....so sales are not down and you are posting fake news " LOL</quote> ... Copied to Clipboard!
DemonBuffet 08/03/19 6:41:56 PM #20:	Lmao fuck them thats what they get --- Trololol <cite>DemonBuffet posted [p:925577917] in Gillette l... [t:77912497]...</cite> <quote>Lmao fuck them thats what they get </quote> ... Copied to Clipboard!
CADE FOSTER 08/03/19 6:42:07 PM #21:	You cater to men kind of obvious consequence not all of us are shitty males --- https://imgtc.com/i/HXEuaL9.jpg https://imgtc.com/i/xZ5hGDm.jpg https://imgtc.com/i/UZiqG9l.jpg https://imgtc.ws/i/gEfkzml.gif <cite>CADE FOSTER posted [p:925577927] in Gillette l... [t:77912497]...</cite> <quote>You cater to men kind of obvious consequence not all of us are shitty males</quote> ... Copied to Clipboard!
Vicious_Dios 08/03/19 6:43:24 PM #22:	Awesome posted... remember when i posted articles a few times months ago about how there were reports that sales were down due to the ad and some people here said " the ceo said sales are not down....so sales are not down and you are posting fake news " LOL LMAO! When will they learn --- S / K / Y / N / E Twitch/YouTube/GT: *Adzeta* <cite>Vicious_Dios posted [p:925577971] in Gillette l... [t:77912497]...</cite> <quote>Awesome posted...</cite> <quote>remember when i posted articles a few times months ago about how there were reports that sales were down due to the ad and some people here said " the ceo said sales are not down....so sales are not down and you are posting fake news " LOL</quote> LMAO! When will they learn</quote> ... Copied to Clipboard!
J E S U S 08/03/19 6:44:18 PM #23:	soon to be former CEO --- imaginary <cite>J E S U S posted [p:925578013] in Gillette l... [t:77912497]...</cite> <quote>soon to be former CEO</quote> ... Copied to Clipboard!
Questionmarktarius 08/03/19 6:44:47 PM #24:	Abiz_ posted... It was a weird ad. I think they were trying to target woman because Dollar shave club is eating their lunch and less people are shaving now a days. To target woman by knocking down your bigger consumer base was pretty stupid. This. I don't think these ads are the cause, but a reaction. The industry is getting undercut by a constant churn of Harry's clones that seem to exist only long enough to get bought by a monolithic corporation and quickly dismantled. Desperation from eroding market share leads to misguided marketing campaigns attempting to chase an audience that doesn't exist. The assumed causality is actually the other way around. <cite>Questionmarktarius posted [p:925578031] in Gillette l... [t:77912497]...</cite> <quote>Abiz_ posted...</cite> <quote>It was a weird ad. I think they were trying to target woman because Dollar shave club is eating their lunch and less people are shaving now a days. To target woman by knocking down your bigger consumer base was pretty stupid. </quote> This. I don't think these ads are the cause, but a reaction. The industry is getting undercut by a constant churn of Harry's clones that seem to exist only long enough to get bought by a monolithic corporation and quickly dismantled. Desperation from eroding market share leads to misguided marketing campaigns attempting to chase an audience that doesn't exist. The assumed causality is actually the other way around.</quote> ... Copied to Clipboard!
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Funkydog 08/03/19 6:46:36 PM #26:	People got REAL salty over what was an advert that basically preached common decency. --- https://imgur.com/BGbZK <cite>Funkydog posted [p:925578089] in Gillette l... [t:77912497]...</cite> <quote>People got REAL salty over what was an advert that basically preached common decency.</quote> ... Copied to Clipboard!
Doe 08/03/19 6:47:01 PM #27:	Sounds like they need an ad campaign telling all these people why their gross ass beards need to be removed from their faces --- https://i.imgtc.com/e2dtpfR.jpg https://i.imgtc.com/oVB3sDe.jpg <cite>Doe posted [p:925578107] in Gillette l... [t:77912497]...</cite> <quote>Sounds like they need an ad campaign telling all these people why their gross ass beards need to be removed from their faces</quote> ... Copied to Clipboard!
Damn_Underscore 08/03/19 6:47:47 PM #28:	oof --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:925578131] in Gillette l... [t:77912497]...</cite> <quote>oof</quote> ... Copied to Clipboard!
LArcEnCieIX 08/03/19 6:48:06 PM #29:	BloodMountain posted... So there I was, putting on my rape shoes, and practicing my sexual harassment pickup lines this morning. I just got done cyberbullying my coworkers. It was time to shave, I yelled at my wife to smile because I demand it, while pinching her butt right after she told me she didn't consent to it. Putting on the shaving cream and thinking about how I can get my son into a fight at the next BBQ, I replaced the worn Gillette brand Mach3 and began to chant "boys will be boys" as I started to shave. Then suddenly my daughter burst into the bathroom holding her phone. As I began to mansplain to her why she isn't smart enough to know my shaving time is my time she showed me the new Gillette ad. I realized how my every view and behavior I've ever held dear was wrong. I'm calling in sick at the toxic masculinity factory today and registering Democrat. Thanks Gillette, now excuse me while I help to impeach Trump. wtf hahahaha --- >D The Arc in the Sky <cite>LArcEnCieIX posted [p:925578146] in Gillette l... [t:77912497]...</cite> <quote>BloodMountain posted...</cite> <quote>So there I was, putting on my rape shoes, and practicing my sexual harassment pickup lines this morning. I just got done cyberbullying my coworkers. It was time to shave, I yelled at my wife to smile because I demand it, while pinching her butt right after she told me she didn't consent to it. Putting on the shaving cream and thinking about how I can get my son into a fight at the next BBQ, I replaced the worn Gillette brand Mach3 and began to chant "boys will be boys" as I started to shave. Then suddenly my daughter burst into the bathroom holding her phone. As I began to mansplain to her why she isn't smart enough to know my shaving time is my time she showed me the new Gillette ad. I realized how my every view and behavior I've ever held dear was wrong. I'm calling in sick at the toxic masculinity factory today and registering Democrat. Thanks Gillette, now excuse me while I help to impeach Trump.</quote> wtf hahahaha</quote> ... Copied to Clipboard!
KamenRiderBlade 08/03/19 6:48:12 PM #30:	The question I want answered is, are those idiots who thought the ad was a good idea, are they going to be fired? --- Are you a MexiCAN or a MexiCAN'T - Johnny Depp '*Once Upon A Time in Mexico*' <cite>KamenRiderBlade posted [p:925578153] in Gillette l... [t:77912497]...</cite> <quote>The question I want answered is, are those idiots who thought the ad was a good idea, are they going to be fired?</quote> ... Copied to Clipboard!
Questionmarktarius 08/03/19 6:48:36 PM #31:	Highwind07 posted... https://www.youtube.com/watch?v=mgzHu3pxgG8" data-time=" Only two blades? What kind of heresy is this? <cite>Questionmarktarius posted [p:925578166] in Gillette l... [t:77912497]...</cite> <quote>Highwind07 posted...</cite> <quote> https://www.youtube.com/watch?v=mgzHu3pxgG8" data-time="</quote> Only two blades? What kind of heresy is this?</quote> ... Copied to Clipboard!
E32005 08/03/19 6:48:45 PM #32:	did they fire the dumbass who thought this up? --- https://i.imgtc.com/IR4XrBA.gif https://i.imgtc.com/7X1rBRv.gif <cite>E32005 posted [p:925578168] in Gillette l... [t:77912497]...</cite> <quote>did they fire the dumbass who thought this up?</quote> ... Copied to Clipboard!
loafy013 08/03/19 6:49:27 PM #33:	Look, this wrong idea again. They have been losing money since before the ad aired because of things like dollar shave club. --- The ball is round, the game lasts 90 minutes. That's fact. Everything else, is theory. <cite>loafy013 posted [p:925578189] in Gillette l... [t:77912497]...</cite> <quote>Look, this wrong idea again. They have been losing money since before the ad aired because of things like dollar shave club.</quote> ... Copied to Clipboard!
MrToothHasYou 08/03/19 6:49:49 PM #34:	Sounds like some fragile masculinity to me --- http://weareontherun.bandcamp.com ^^^^^ HEY! ^^^ LISTEN! ^^^^^ <cite>MrToothHasYou posted [p:925578205] in Gillette l... [t:77912497]...</cite> <quote>Sounds like some fragile masculinity to me</quote> ... Copied to Clipboard!
FrozenXylophone 08/03/19 6:50:01 PM #35:	Hahahahahhahahahaaa Hahaha <cite>FrozenXylophone posted [p:925578213] in Gillette l... [t:77912497]...</cite> <quote>Hahahahahhahahahaaa Hahaha</quote> ... Copied to Clipboard!
Delta_F14 08/03/19 6:51:13 PM #36:	get woke go broke --- http://conniptions.me/ <cite>Delta_F14 posted [p:925578258] in Gillette l... [t:77912497]...</cite> <quote>get woke go broke</quote> ... Copied to Clipboard!
Touch 08/03/19 6:51:21 PM #37:	We did it reddit --- https://imgtc.com/i/bC2YZz9.jpg <cite>Touch posted [p:925578265] in Gillette l... [t:77912497]...</cite> <quote>We did it reddit</quote> ... Copied to Clipboard!
Ving_Rhames 08/03/19 6:51:23 PM #38:	Ad was stupid. So are people who were triggered by it. --- the real Irving Rameses https://imgur.com/A7f6F9h <cite>Ving_Rhames posted [p:925578268] in Gillette l... [t:77912497]...</cite> <quote>Ad was stupid. So are people who were triggered by it.</quote> ... Copied to Clipboard!
Tryhaptaward 08/03/19 7:12:12 PM #39:	@RaulJenkins I believe you wanted definitive proof that Gillette was doing bad. <cite>Tryhaptaward posted [p:925579011] in Gillette l... [t:77912497]...</cite> <quote>@RaulJenkins I believe you wanted definitive proof that Gillette was doing bad.</quote> ... Copied to Clipboard!
HydraSlayer82 08/03/19 7:20:35 PM #40:	It WAS corporate virtue signaling though. Companies dont give a fuck about anything but the bottom line. It was a calculated risk that didnt work. --- Sigless user <cite>HydraSlayer82 posted [p:925579302] in Gillette l... [t:77912497]...</cite> <quote>It WAS corporate virtue signaling though. Companies dont give a fuck about anything but the bottom line. It was a calculated risk that didnt work.</quote> ... Copied to Clipboard!
hockeybub89 08/03/19 7:26:52 PM #41:	Here's an example of snowflakes getting offended --- http://card.psnprofiles.com/1/NIR_Hockey.png http://www.last.fm/user/hockeybub89/ <cite>hockeybub89 posted [p:925579583] in Gillette l... [t:77912497]...</cite> <quote>Here's an example of snowflakes getting offended </quote> ... Copied to Clipboard!
MrNintendo1213 08/03/19 7:31:22 PM #42:	Pretty sure Gillete was losing money anyway and would have no matter what ad they ran. --- Dot Dot Dot... <cite>MrNintendo1213 posted [p:925579787] in Gillette l... [t:77912497]...</cite> <quote>Pretty sure Gillete was losing money anyway and would have no matter what ad they ran.</quote> ... Copied to Clipboard!
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Annihilated 08/03/19 7:40:07 PM #45:	fenderbender321 posted... Questionmarktarius posted... BloodMountain posted... On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown. whut. Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk ..Yeah, that's generally how companies lose money. <cite>Annihilated posted [p:925580116] in Gillette l... [t:77912497]...</cite> <quote>fenderbender321 posted...</cite> <quote>Questionmarktarius posted...</cite> <quote>BloodMountain posted...</cite> <quote>On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown.</quote> whut.</quote> Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk</quote> ..Yeah, that's generally how companies lose money.</quote> ... Copied to Clipboard!
archedsoul 08/03/19 7:54:22 PM #46:	Damn, that's $3 billion more than Sony lost with the entire PS3, which hurt them a lot and would have destroyed them had the PS4 not been successful. --- "Fear cuts deeper than swords." <cite>archedsoul posted [p:925580671] in Gillette l... [t:77912497]...</cite> <quote>Damn, that's $3 billion more than Sony lost with the entire PS3, which hurt them a lot and would have destroyed them had the PS4 not been successful.</quote> ... Copied to Clipboard!
ModLogic 08/03/19 7:57:30 PM #47:	fenderbender321 posted... Questionmarktarius posted... BloodMountain posted... On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown. whut. Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk yes. like when users steal ad money from gamefaqs with adblockers. they are stopping money cjayc from earning money. --- https://i.imgtc.com/PruZV73.png https://imgur.com/lbSi0U3 https://imgur.com/xaRYKZM https://imgur.com/ZngbqJn <cite>ModLogic posted [p:925580785] in Gillette l... [t:77912497]...</cite> <quote>fenderbender321 posted...</cite> <quote>Questionmarktarius posted...</cite> <quote>BloodMountain posted...</cite> <quote>On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown.</quote> whut.</quote> Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk</quote> yes. like when users steal ad money from gamefaqs with adblockers. they are stopping money cjayc from earning money.</quote> ... Copied to Clipboard!
MacDaMurderer 08/03/19 7:58:22 PM #48:	Someone gonna do the due diligence and check their financials for the past year to see if Gillette has lost money in the past? If GameStop ran this same ad you wouldnt say they went broke due to an ad. They are going broke regardless. --- @macdamurderer GT: Mac Da Murderer <cite>MacDaMurderer posted [p:925580826] in Gillette l... [t:77912497]...</cite> <quote>Someone gonna do the due diligence and check their financials for the past year to see if Gillette has lost money in the past? If GameStop ran this same ad you wouldnt say they went broke due to an ad. They are going broke regardless. </quote> ... Copied to Clipboard!
SK8T3R215 08/03/19 8:01:37 PM #49:	fenderbender321 posted... Questionmarktarius posted... BloodMountain posted... On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown. whut. Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk $5 billion loss for p&g in the quarter because they wrote down the value of its goodwill/intangible assets for Gillette by $8 billion. Without that they would've made about $3 billion. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:925580965] in Gillette l... [t:77912497]...</cite> <quote>fenderbender321 posted...</cite> <quote>Questionmarktarius posted...</cite> <quote>BloodMountain posted...</cite> <quote>On Tuesday, P&G announced the company had taken a $5 billion loss for the quarter with Gillette, costing the company $8 billion in a noncash writedown.</quote> whut.</quote> Not sure...my guess is that it means they didn't actually lose the money it was just they made less than their projected or historical amount. So it's not an expense, just money they didn't earn? Idk</quote> $5 billion loss for p&g in the quarter because they wrote down the value of its goodwill/intangible assets for Gillette by $8 billion. Without that they would've made about $3 billion.</quote> ... Copied to Clipboard!
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Current Events > Gillette loses $8B following their woke campaign on toxic masculinity (+) Yeah! (+)

Current Events > Gillette loses $8B following their woke campaign on toxic masculinity