Planet Fitness Faces Backlash Over Transgender Policy Controversy

Planet Fitness faces scrutiny and a 4% stock value decline following a transgender policy controversy.

Tensions arose when a transgender woman was found shaving in the women’s restroom, unsettling members uncomfortable with sharing space with a biological man.

Patricia Silva, who filmed the incident, had her membership revoked, sparking boycott threats. Despite Planet Fitness defending its gender-inclusive policy, backlash ensued.

Investors reacted swiftly to the controversy, reflecting broader debates on transgender rights and privacy concerns. While the gym asserts its commitment to inclusivity, the incident underscores the delicate balance between accommodating diverse identities and addressing member discomfort.