Altria had received 185 million shares in AB InBev back in October 2016 when SABMiller was acquired by AB InBev since Altria had a stake in SABMiller. Altria purchased 12 million more shares the same month, taking its holdings in AB InBev to 197 million. At the time, AB InBev stock was valued at $127 per share (197M shares at $127 per share = $25B).
The stock is now trading at roughly $62 per share.
Don't let anyone tell you boycotts don't work (yes, I know, this isn't a boycott, it's a complete walking-away). Transheuser-Busch spit in the faces of their customers in order to push perversion. One can now better understand the desperation of Transheuser Busch trying to pay endorsers such as Joe Rogan, Emmitt Smith, Payton Manning, and Dana White.
Too late, no refunds.
We the people are winning this one.
We need the stock to drop to zero.
This lesson needs to be remembered by our corporate enemies—forever.
Ahhhh! What a shame! Transheuser Busch / AB/Inbev brought it on themselves!
I kind of remember someone here posting something like: “Don’t you think we’ve done enough harm to them?”
All I can say is GO TO HELL. We need to put the spear through its heart, or the point will not be made effectively, and it will be dismissed as another ‘tantrum from the right’.
Dylan is going to be one famous little faggot. From now on, the business world will refer to a world-class f-up as a Mulvaney.
The problem with reading articles about the Bud Light debacle is they’d always include a picture of the loathsome freak. I guess they had to do that to drive the point home.
One of the myths of the left is that our movement is top down—driven by influencers and public figures.
This is an example that proves they are wrong.
Our grass roots are deep and strong—and we know what they did—a bunch of big name endorsements and supporters will never change that simple fact.
Zero.
Zero.
Zero.
That must be the goal.
Since the Dylan debacle, AB stock is worth about 8% less, factoring in the 2023 dividend. During that same period, the S&P 500 is up 24%. That is some serious lagging on AB’s part. Not even a hot stock market environment could keep AB’s carcass in positive territory.
The Super Bowl ad with Peyton Manning didn't help any, but he made some money.
Oh well.
For short term stock enjoyment, Reddit is planning its IPO on March 21, and it is even odds whether it will succeed or Hindenburg.
https://en.wikipedia.org/wiki/Reddit
I strongly suspect that its IPO is a “last gasp”.
I used to like Peyton Manning, but the Manning family has totally sold their souls.
I also used to like Emmett Smith, but the fact that he’s allowed himself to be associated with Transheuser Busch is disconcerting, to say the least. Poor judgment, Emmitt.
Brilliant! Bravo!
I somehow had thought that Payton Manning was above joining the purveyors of the sickest of the woke stuff.
My error.
The Dylan Mulvaney advertisement was released on April Fool’s Day 2023. Nobody realized at the time how appropriate that was. It hasn’t even been a year yet. For those disappointed that the effect wasn’t worse, be patient. That’s an astonishing feat in market disaster already, and it’s young yet.
If I understand it correctly, isn’t this a kind of corporate austerity?
‘The company noted that it expects to use the cash generated to buy back its own shares’
Isn’t it meant to protect the company from outsiders, financially and governance wise?
Not a boycott. A re-branding. PPL aren’t going back.