Assault weapons manufacturer is upset that school shootings are costing it money
Vista Outdoor, a major manufacturer of assault weapons, is complaining that school shootings, particularly the massacre at Marjory Stoneman Douglas High School that left 17 dead, is having an adverse impact on its profits.
The complaint was buried in a filing that was made with the Securities and Exchange Commission on Thursday. The filing, called a 10-K, reviews the company’s financial performance over the last year and discusses “risk factors” for the future.
Vista Outdoor bemoans online activity “in the wake of tragic shootings at the Marjory Stoneman Douglas High School in Parkland, Florida in February 2018” that may have “an adverse effect on our business, financial condition, results of operations and or cash flows.”
The company blames “a substantial increase in the use of social media platforms, including blogs, social media websites, and other forms of Internet-based communications, which allow individuals access to a broad audience of consumers.”
https://thinkprogress.org/assault-weapons-manufacturer-complains-school-shootings-are-hurting-profits-7595ebc53ccb/
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