Acquaintance tells me Ubisoft stock is crashing cause they doubled down on "alphabet people"

Wtf does that mean

I sorta asked what he meant and he looked at me like I was dumb and said "you know, the Ls, the Ds, the Gs". I'm guessing he meant LGBTQ people, but idfk. The guy gives me bad reactionary vibes, so it wouldn't surprise me.

I look it up afterwards and most places talking about it online are accurately pointing out the company just sucks and management is awful, but I feel like that's been common knowledge for like a decade at this point.

Is this some right wing gamer bug of the month or something? Cause I'm way outta the loop