Posted on 09/05/2023 4:06:55 PM PDT by algore
Bill Gates has put his bets on Bud Light's comeback after the tech mogul bought 1.7million worth of shares from the disgraced brand's parent company.
The Microsoft founder, 67, acquired the Bud Light shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year.
The shares hold a market value of approximately $95 million, reports TipRanks.
His investment comes as Anheuser-Busch Companies are still reeling from the effects of their partnership with trans influencer Dylan Mulvaney on April 1. The videos and images posted by her caused nationwide boycotts of the beer.
This is not the first time that Gates has invested in the global beer industry after making a much more sizeable purchase months ago.
Gates invested $939.87million in Heineken stock at the onset of the Bud Light controversy after their disastrous partnership with Mulvaney.
He acquired 10.8 million shares on February 17, according to the Netherlands Authority for Financial Markets filing.
And earlier than that in 2007, Gates made a $392 million purchase of a stake in FEMSA - whose brewery was sold to Heineken in 2010.
Bud Light has seen its sales plummet even further amid ongoing backlash to its disastrous collaboration with trans influencer Mulvaney.
The beer giant lost its place as America's No. 1 beer brand to Modelo Especial due to the controversy, a position it held for over 22 years.
As of August 19, Bud Light sales in off-premise locations such as grocery stores and gas stations plummeted by 15.9 percent on a dollar basis and down 20.1 percent on a volume basis in the past year.
In contrast, rival brand Modelo Especial's sales surged, with the beer up 10.3 percent in sales and 9.6 percent in volume.
(Excerpt) Read more at dailymail.co.uk ...
the only reason I would ever buy a bud light is to pour it on his grave
I wonder why someone left the CIA to vault his way to the top and become the CEO of Bud Light. According to Trump Jr, Bud light was a major corporate supporter of President Trump. Then the CIA pro, familiar with disinformaiton campaigns, somehow lets child-like minds launch a preposterous advertisement campaign, tank the stock, and then Bill Gates buys Bud light cheap.
2 reasons not to buy that 💩
Yet another reason to NEVER buy an AB product.
Pocket change for that a*****e.
Well, Gates likes underage trannies too.
He’s right
.
That will cause me to drink even less butt light than I do now.
bill is sweet on dylan
I have no idea what the CIA has to do with it, I am guessing that old Gates needs a really big tax loss to offset his earnings.
Bud Light is a sure stock bet for that.
MUSN’T...LET... CONSERVATIVES...WIN...SO...MUST...ASSIST
my take exactly, JUST ONE MORE REASON to avoid Bud Light.
“The videos and images posted by her caused” They still refuse to get his sex right.
Don’t be fooled, the Bill & Exwife Ungratefuls Foundation portfolio is better situated for InBev destruction, this is just buying-on-the-dip by some numbskull at the Foundation who I would bet a million dollars will never meet Gates.
Maybe with Gates as a big share holder they can rename Bud Lite to Pedo Lite for their new big investor Billy Gates.
Buy low and sell high. This is basic investing. If you can afford to wait out a storm, it’s a good strategy.
No different than buying up houses during a real estate bust.
He probably is enjoying helping his woke friends as well.
catching a stock on the way down ... risky business
He can change the name from Bud Light to BSOD.
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