3 Starbucks ETFs React to More Offensive Racism

3. VanEck Vectors Morningstar Wide Moat ETF Large Cap Blend Equities (MOAT) with a 2.51% holding down 0.08%.

Pedro’s Tweet of the Offensive Cup

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In a statement to NBC4 and other news outlets, Starbucks said that the company was launching a full investigation into the incident. “This is not the experience that we want for our clients,” the statement said. “We asked for [Pedro’s] forgiveness and we are working to correct this. Also, we are investigating the incident to ensure this will not be repeated.”

Pedro was offered a $50 gift card to Starbucks, but he did not take it, saying that it was an insult.