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The recent public spat between Ola Electric Mobility CEO Bhavish Aggarwal and comedian Kunal Kamra has had a significant impact on the company's share price, leading to investor frustration and a notable drop in value. The incident, which unfolded on social media, began with Kamra questioning Ola's customer service by sharing a picture of scooters gathering dust at a service center. Aggarwal responded with a series of insults, further escalating the situation and sparking widespread criticism of his behavior.
One investor, Ganeshan Iyer, took to X, formerly Twitter, to express his anger at Aggarwal's actions and the subsequent decline in Ola Electric's share price. Iyer admitted to selling his shares at a loss of ₹40,000, citing Aggarwal's toxicity as the reason behind his decision. He expressed his lack of faith in a company led by such a person and urged other investors to follow suit.
Iyer's sentiment was echoed by many other social media users who condemned Aggarwal's aggressive language and perceived arrogance. They highlighted the potential damage his behavior could inflict on the company's reputation and investor confidence. Some users criticized Ola Electric's overall customer service, suggesting that Aggarwal should prioritize improving customer satisfaction rather than engaging in public disputes.
The incident has raised concerns about the impact of social media behavior on corporate reputation and investor confidence. Aggarwal's actions have undoubtedly damaged Ola's public image and cost the company financially. This incident serves as a stark reminder of the power of social media and the importance of responsible online conduct for public figures.
Source: Ola investor furious as shares crash: ‘Bhavish Aggarwal’s arrogance has cost me’