Posted on 04/12/2023 3:28:44 PM PDT by Avalon Memories
Beer juggernaut Anheuser-Busch has seen its value nosedive nearly $5 billion since Bud Light’s polarizing partnership with transgender activist Dylan Mulvaney.
According to the Dow Jones Market Data Group, Bud Light's parent company is down 4.7 percent and has lost about $4.56 billion in market cap since March 31.
The beer maker’s stock shed more than 1.5% on Wednesday alone.
SNIP
Anheuser-Busch stock plummeting comes as country music singer John Rich said he pulled cases of Bud Light from his Nashville, Tennessee, bar as part of a boycott against Anheuser-Busch; conservative rocker Kid Rock used several Bud Light cases for target practice in a viral video; and there has been widespread backlash on social media while beer distributors are concerned.
(Excerpt) Read more at foxnews.com ...
"Now the King of Beers is paying homage to the newest cultural zeitgeist by paying trans activist Dylan Mulvaney to prod grown men into dressing like Audrey Hepburn while drinking beer. For a drink that was once a blue-collar staple of middle America, this isn’t a winning sales strategy. It’s a way for the CEO to signal his virtue while alienating a customer base that is too afraid to say so out loud," Ramaswamy wrote.
Sweet. Wokenistas go brokenista. 😂
66.79 on 3/31 to 63.38 today is a 5.1% decrease I believe...
That’s 100% going to leave a lasting mark.
I have seen Bud Light since its inception. I cannot remember a single political based add in 4 decades, until them shoving transgenderism on everyone.
5 Billion is just the start, IMHO, it’s going to be a bloodbath, and it will negatively spill over to other AB brands.
Every employee that approved this decision should be terminated.
I can’t wait to go to the package store and not buy any Bud Light. Just eyeball how much of it is just sitting there and not selling.
Last I checked it was 3B.
Oh, well.
HHHAAAAAAAAAHAHAHAHAHAHAAAAAAAAA!
“cultural zeitgeist”— Bingo. In other words, the newest fad to come down the pike which every useful idiot has to conform to. Will never buy another AB product and I never have, their beer is piss water.
Someone posted all the beers that fall under the A-B banner. Its a lot.
Well, I’m responsible for none of that loss of value, ‘cause I never bought that swill anyway...
The trannies can have it. Pretend women, drinking pretend beer.
I love the Clydesdales but otherwise would not mind seeing A-B go bankrupt due to this trans stunt.
Well, that escalated quickly...
Sure did, yet the idiots in A-B upper management still have not addressed the problem.
Steve Jobs used to say MBAs are clueless. Elon Musk agrees pretty much, save for some exceptions. Here we have a Harvard grad and a Wharton MBA put in charge to serve Middle America. I mean how clueless can this chick be ?!. The millenial idiot has learned all the buzzwords.. “equality” and “inclusiveness” .. but has ZERO clue about her product or the customers they serve.
Correct.
I’m ok with it.
Just double the price of these beers. That ALWAYS works!
Why didn’t they just give me a billion or so? Golly gee whiz!
It's because of BlackRock and this ESG crap. It's going to affect all brands soon because the objective is for the elites to control the food supply.
Oh and hiring that dippy lady as Markting VP doesn't help too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.