Sean Hannity falsely claims Bed Bath & Beyond stock fell because it dropped MyPillow

Multiple retailers have dropped MyPillow after founder Mike Lindell spread conspiracy theories about the 2020 election and urged Trump to invoke “martial law if necessary”

Sean Hannity falsely claims Bed Bath & Beyond stock fell because it dropped MyPillow

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From the January 29, 2021, edition of iHeartRadio’s The Sean Hannity Show

SEAN HANNITY (HOST): This is interesting. Somebody just sent this to me. Bed Bath Beyond stock has collapsed a whopping 36% after they canceled MyPillow. Guess conservatives have buying power.

The supposed “collapse” of retailer Bed Bath & Beyond’s stock has obviously got nothing to do with its decision to not carry MyPillow products. Rather, the company's stock price had recently become artificially high as part of the current online craze of small investors buying up stocks that had been short-sold by large hedge funds. The stock price then eventually fell from those heights. (The most famous example of such stocks is video game retailer GameStop, but it also includes other companies such as AMC, Blackberry, and Nokia.)

MyPillow founder Mike Lindell announced this month that multiple retailers were dropping his company’s products, in the wake of his continued propagation of conspiracy theories about the 2020 election and his efforts to convince lame-duck President Donald Trump to impose “martial law if necessary.”