Posted on 07/06/2023 8:07:01 PM PDT by DeathBeforeDishonor1
Unilever, the parent company of Ben & Jerry’s, lost billions in market cap after the ice cream brand celebrated July 4th with an unpatriotic tweet about American history.
Unilever’s share price went from $52.32 per share to $51.37 per share, erasing an estimated $2.5 billion in market cap as social media users called for a boycott, according to Google finance data. The packaged goods conglomerate saw its market cap drop from roughly $133 billion to $131 billion because its share price.
Ben & Jerry’s marked July 4th by tweeting that “the US exists on stolen Indigenous land.” It also included a link to a petition on the company’s website about returning Mount Rushmore to the Lakota tribe. The South Burlington, Vermont-based company has not returned its land to any of the Native American tribes recognized by the state.
I don’t boycott; I just don’t buy their crap. I hope their losses far surpass Pud Light’s losses.
Gay Yankee ice cream. Never had it.
Keep it up! Boycott these scumbags that want to destroy our wonderful country.
Well the market was down 1% on inflation worries. For a large cap stock like unilever, can you really do cause and effect analysis where the difference is political rather than general market trend?
A share price drop of 1.5% is truly lost in the daily noise. It has nothing to do with woke or boycott.
Exactly. Good luck disaggregating the causes of the price drop which was just slightly more than the overall market drop.
If you could divine that, you would be very wealthy.
Who wants to consume their queer jerk juice ice cream?
NOt I said the lttle red hen.
They want war.
Talk about misinformation. Also talk about no context compared to all the other countries of the world. Good grief.
Excellent marketing strategy Ben & Jerry- please do keep it up=-
The Sioux were latecomers. They stole the Black Hills from the Cheyenne. The Arikara were there before that.
Sadly, the ‘conservative’ new media have undistinguished themselves recently when it comes to stock market moves with wokey firms.
With Bud Light, the media chased Anheiser-Busch’s USD-denominated stock under the BUD ticker. But they are a sub of a Belgian parent; the Euro-denominated stock should have been the focus to avoid FX movements.
Further, it’s sort of futile to look at stock price moves. AB’s foreign parent is majority controlled by two families. Anheuser-Busch InBev is controlled by Belgian families Vandamme, de Mévius and de Spoelberch, who as of 2015 owned a combined 28.6% of the company, and Brazilian investors Jorge Paulo Lemann, Carlos Alberto Sicupira and Marcel Telles, who owned 22.7% through their private investment firm 3G Capital.
Then, the new media couldn’t get straight a decline in the firm’s market value and a sales decline. That’s basic stuff.
There was also a fustercluck when SVB tanked, as the conservatives lambasted the wokey Chief Risk Officer…..eeeeexcept that she was a UK-based risk manager and not the CRO. Indeed, the CRO chair was vacant for months before the collapse.
…and if you point out their errors, you’re somehow playing for the other team. Go figya.
Ben Cohen and Jerry Greenfield, are typical left-wing hatemongers.
Ben Cohen and Jerry Greenfield, are typical left-wing hatemongers.
Pelosi and Joe Biden: Those stories of ice cream in danger make me burst into tears. Every single time.
RE: typical left-wing hatemongers.
Jan.8, 2021 story:
Ben & Jerry’s calls for Trump’s removal after Capitol riots ....
Oct 31, 2018 — Ben & Jerry’s released on Tuesday a new anti-Trump ice cream flavor, Pecan Resist. It sounds delicious and we can’t wait to try it.
Could you explain to me what gay ice cream is .
…….
They (Ben and Jerrys) hate America, but this is old news.
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