Egyptians launch an anti-McDonald's campaign because of Israel

McDonald's ready-food restaurant shares fell at the end of yesterday's trading, by 2%, recording $246.18 per share, a $4.74 decrease in its value, after launching campaigns to boycott the chain's restaurants, after it announced its support for Israel and providing free meals to soldiers of the Israeli occupation army, after the Al-Aqsa Flood operation. .

The company said on the X platform, “formerly Twitter,” that it will donate about 4,000 meals a day to the occupation army.

A strong campaign began on social media calling for a boycott of the McDonald's fast food restaurant chain, after it provided free meals to Israeli occupation army soldiers, who continue their aggression against Gaza for the seventh day in a row, under an applied siege that deprives 2.5 million Palestinians of their human right to water and electricity. Food and medicine.

A series of posts spread on “X”, in which tweeters said: “Israeli soldiers were seen carrying their free meals from branches of the McDonald’s restaurant chain in a number of Israeli cities.”

On the “Instagram” application, the official “McDonald’s Israel” page on the application published a photo, or a group of photos, showing solidarity with Israel in the wake of Saturday’s attack, launched by Hamas, and called it the “Al-Aqsa Flood.”

McDonald's Israel posted comments in Hebrew on multiple photos, saying: "These are soldiers and warriors. They came here to receive their free meals provided to the Israeli army as in-kind donations."

The page on Instagram also published another picture, in which it said: “The number of our in-kind donations to the Israeli army, rescue and security forces, and those affected by the attack has reached 12,000 meals, and we will continue the extensive donation campaign, and we will provide thousands of meals daily.”

Shares of the ready-to-eat restaurant chain McDonald's fell at the close of trading last Friday, recording the worst weekly loss in four years, amid growing concerns that the recent rise in interest rates will hamper consumer spending.

The stock ended trading down 1.60% at $248.22, recording the lowest closing level since October 17, 2022.

The stock also fell by 5.6% last week, in the worst weekly performance among the components of the Dow Jones Index, which is also the sixth weekly decline in a row, and this is the longest series of weekly losses since November 2019.