Wed Oct 09 01:00:07 UTC 2024: ## Ola Electric Shares Plummet After CEO’s Social Media Outburst

**New Delhi, India -** Ola Electric Mobility shares took a significant hit on Monday, plummeting by 8% in early trading. The sharp decline came just a day after CEO Bhavish Aggarwal engaged in a heated public spat with comedian Kunal Kamra on social media.

Aggarwal’s aggressive and insulting response to Kamra’s criticism of Ola’s customer service has sparked outrage among investors, with many expressing their disappointment and concern. One investor, Ganeshan Iyer, took to Twitter to reveal he had sold his Ola Electric shares at a loss of ₹40,000, citing Aggarwal’s “toxic” behavior as a reason for his decision.

Iyer’s statement followed a flurry of social media condemnation directed at Aggarwal for his offensive language and lack of professionalism. Many users slammed the CEO’s tirade as “crass” and “pedestrian,” questioning the suitability of his conduct as a public figure.

The incident has fueled a wave of skepticism among Ola investors, with many predicting further share price drops. Some users expressed their disillusionment with the company, stating that Aggarwal’s disdain for customers and investors will ultimately hinder Ola’s success.

“Ola has drained its investors’ wealth,” one user commented. “If there is so much disdain for your customers, employees, and investors, you will never create wealth.”

Several others called on Aggarwal to prioritize customer service and business operations over engaging in public spats. One shareholder suggested that Aggarwal focus on improving customer satisfaction instead of “going ahead with ugly spats on social media.”

The incident has raised serious concerns about the impact of Aggarwal’s actions on Ola’s future, and investors are left wondering if the company can recover from the fallout.

Read More