McDonald's India Twitter Drama Unfolds Amid Bullish Stock Projections
McDonald's India found itself at the center of a social media controversy on Sunday after its verified Twitter account posted a series of cryptic and seemingly personal messages. The posts claimed that an unpaid intern was owed ₹60,000, which was later revised to over ₹60,000, or roughly $650. The writer also alleged that meme coin trading losses had left them starving daily.
The drama unfolded at a low point for McDonald's stock, which closed Friday at its weakest level in a year, $255.69. However, analysts are still bullish on the company, with TipRanks counting 24 analyst covering MCD stock over the past three months, holding an average 12-month target of $317.18, about 24% above Friday's close.
The authenticity of the posts has been questioned, with McDonald's India pulling the thread and responding with a meme. The company has not confirmed whether the account was breached or compromised in any way.