New York City Mayor Bill de Blasio Clearly Doesn't Think There Is a Starbucks on Every Corner
A Starbucks store.

New York City Mayor Bill de Blasio thinks Starbucks (SBUX) isn't the biggest operation cluttering up street corners.

"There are 29 times more tobacco sellers than Starbucks in New York City. We're going to be going after licensing and capping that," de Blasio said in a tweet Wednesday. Don't let the mayor's tweet lead you to believe that Starbucks doesn't have a massive presence in the city that never sleeps, however.

There are more than 300 Starbucks stores in New York City, according to a 2015 study from the Center for an Urban Future. That number has likely increased since as Starbucks moves forward with its aggressive growth plans

There are 29 times more tobacco sellers than Starbucks in New York City. We're going to be going after licensing and capping that.

— Bill de Blasio (@NYCMayor) April 19, 2017

Jim Cramer and the AAP team hold a position in Starbucks for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells SBUX? Learn more now.

More from Stocks

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider