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Bud Light, Target Bleeding Money As Conservatives Boycott. The Dollar Amount Is Staggering
Daily Caller ^ | 26 May 2023 | Brianna Lyman

Posted on 05/27/2023 9:39:54 AM PDT by Rummyfan

Target and Bud Light have lost a whopping $28 billion combined amid marketing decisions geared toward transgender individuals, according to a report from Fox Business.

Bud Light promoted transgender influencer Dylan Mulvaney for its March Madness contest, costing parent company Anheuser-Busch nearly $19 billion in fallout, Fox Business reported Friday. Shares are also down 14% amid the boycotts.

Target was forced to pull some of its LGBTQ-themed items that catered to transgender individuals, cutting off more than $9 billion in market value with shares down 12.6%, according to the outlet.

(Excerpt) Read more at dailycaller.com ...


TOPICS: News/Current Events
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To: Justa
He had it good back in the day.

He was a she.

61 posted on 05/27/2023 11:40:47 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Rummyfan

I seem to be missing out on all the fun. I don’t drink Budweiser and I don’t shop Target.


62 posted on 05/27/2023 11:41:26 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: Rummyfan

A real apology saying they know homosexuality is not normal would go a long way towards recovery.


63 posted on 05/27/2023 11:41:50 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: faithhopecharity
Whoever dreamt that up had to be insane, perverted, or an agent mole for the competition

Insane perverts.

64 posted on 05/27/2023 11:42:24 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: Rummyfan

Now it’s time to move onto Target, Disney and the Los Angeles Dodgers.


65 posted on 05/27/2023 11:43:32 AM PDT by OrangeHoof (No food in the stores; fuel prices too high? Thank a liberal.)
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To: Justa

Spuds was great, as long as you didn’t think about it too much.


66 posted on 05/27/2023 11:57:03 AM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: proust

Not singing for Miller
Don’t sing for Bud
I won’t sing for politicians
Ain’t singing for Spuds
This note’s for you

-Neil Young


67 posted on 05/27/2023 12:01:19 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Boiler Plate

This post is the winner. If corporations don’y push this stuff their stocks get dumped.

As a perfect demonstration: think of the one product you should never use after consuming Bud Light. A motorcycle. So Harley teams up with Bud Light in a suicide pact. No other answer possible except the large investment firms.

https://harleyliberty.com/2023/05/22/can-you-believe-that-harley-davidson-did-something-this-stupid/


68 posted on 05/27/2023 12:04:13 PM PDT by packagingguy
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To: dfwgator

Classic. If memory serves, the Spuds knock-off in the video was extra fat.


69 posted on 05/27/2023 12:05:29 PM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: Rummyfan

BlackRock, Vanguard and StateStreet are calling the shots and they actually prefer if American Brands fold. It diminishes the nation’s identity, one corporation at a time. ESG funding now rules the day. Marxism 101.


70 posted on 05/27/2023 12:22:53 PM PDT by TheElectionWasStolen
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To: Rummyfan

No, they are dead. There is no longer room for an apology.


71 posted on 05/27/2023 12:23:27 PM PDT by Fai Mao (Starve the beast and steal its food!)
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To: Jim Noble

Unfortunately the media describes them as conservative boycotts because they want it to look like a fad that will die off when those crazy rednecks lose their attention because they are not that smart, so goes the narrative. They don’t want normal people to think that it is about normalcy. They want it to be about religion.


72 posted on 05/27/2023 12:42:34 PM PDT by webheart
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To: BenLurkin

Now wait a minute...


73 posted on 05/27/2023 12:49:31 PM PDT by skimbell
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To: Rummyfan

Okay look.

Stock price affect valuation not revenues or profits.

Reporting stop drops as somehow lost money is nonsense.

Any report talking about a company losing money and referencing stock price or evaluation rather than sales or revenues numbers is fake news.

I hope target and ABInBev. Pay a heavy price for their stupidity but stock price fluctuations aren’t where it’s at

Sales and revenues, particularly compared to other businesses in their sectors are what matter.

To date we have lots of evendice Ab InBev has lost revenues and sales. Target not so much yet.


74 posted on 05/27/2023 12:52:04 PM PDT by HamiltonJay
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To: faithhopecharity
Bud’s insulting advertising has become a joke among the product’s (former) chief demographic. Insults and jokes can last a long time in a society. They become part of the common culture. It is very unlikely that more than 5 or 10 percent of the patronage could be recaptured.

Good point. Two words: Sony rootkit. (Installation of serious malware on your PC if you put a Sony music CD in the optical drive.)

https://en.m.wikipedia.org/wiki/Sony_BMG_copy_protection_rootkit_scandal

Almost 20 years ago, and I haven't touched a Sony product since and never will again.

75 posted on 05/27/2023 12:58:19 PM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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To: Fai Mao

Sigh

They aren’t dead.

There is no danger that ABInBev or Target are going out of business

ABInBev definitely will need to lay people off, and size to the new reality that their news sales volume will be.. but they are not going out of business.

Losing 25% of your biggest brands sales is not fun, but they aren’t a company where those loses are going to bankrupt them. Target we don’t even know what if any real sales losses have happened and won’t until their next quarterly


76 posted on 05/27/2023 12:59:49 PM PDT by HamiltonJay
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To: BenLurkin

(Bud Light, Target Bleeding Money As Conservatives Boycott. The Dollar Amount Is Staggering)

Excellent!!!


77 posted on 05/27/2023 1:19:57 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Rummyfan

Enjoying this.


78 posted on 05/27/2023 1:20:13 PM PDT by I want the USA back (The democrat party is the most subversive and harmful institution on the planet. Tied with media.)
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To: Rummyfan

I was VP of Int’l Mkt for a company, had that company lost a FRACTION of what A.B. has lost because of a “marketing error”, I would have been tarred, feathered, and CHASED out of town! How they can still defend this “direction” is totally beyond me.


79 posted on 05/27/2023 1:41:23 PM PDT by ThePatriotsFlag (When Ashli Babbitt’s video-taped murderer Michael Byrd is indicted, I’ll start paying attention.)
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To: ThePatriotsFlag

They ain’t seen nothing yet. Numbers shown are pre-Transapalooza.

Anheuser-Busch InBev SA/NV (BUD)
Major HoldersCurrency in USD
Breakdown
0.00% % of Shares Held by All Insider
6.19% % of Shares Held by Institutions
6.19% % of Float Held by Institutions
565 Number of Institutions Holding Shares
Top Institutional Holders
Holder Shares Date Reported % Out Value
Dodge & Cox Inc 25,302,353 Mar 30, 2023 1.46% 1,446,029,512
Manufacturers Life Insurance Co. 10,381,586 Mar 30, 2023 0.60% 593,307,655
Fisher Asset Management, LLC 9,648,869 Mar 30, 2023 0.56% 551,432,878
Royal Bank of Canada 6,967,609 Mar 30, 2023 0.40% 398,198,864
Capital International Investors 5,781,036 Mar 30, 2023 0.33% 330,386,216
Morgan Stanley 2,539,397 Mar 30, 2023 0.15% 145,126,542
Invesco Ltd. 1,930,723 Mar 30, 2023 0.11% 110,340,822
Arrowstreet Capital, Limited Partnership 1,957,874 Mar 30, 2023 0.11% 111,892,502
FMR, LLC 1,853,908 Mar 30, 2023 0.11% 105,950,845
Bank of America Corporation 1,821,799 Mar 30, 2023 0.10% 104,115,815
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Dodge & Cox Stock Fund 17,639,700 Dec 30, 2022 1.02% 1,008,108,881
John Hancock Fds II-Fundamental Large Cap Core Fund 4,241,148 Feb 27, 2023 0.24% 242,381,614
American Balanced Fund 3,297,808 Mar 30, 2023 0.19% 188,469,732
Dodge & Cox Balanced Fund 2,481,500 Dec 30, 2022 0.14% 141,817,728
Fidelity Equity Dividend Income Fund 1,177,300 Feb 27, 2023 0.07% 67,282,696
Financial Investors Tr-Seafarer Overseas Growth & Income Fd 700,000 Jan 30, 2023 0.04% 40,005,001
Alps Ser Tr-Clarkston Founders Fd 465,000 Dec 30, 2022 0.03% 26,574,750
John Hancock Var Ins Tr-Fundamental All Cap Core Tr 404,101 Dec 30, 2022 0.02% 23,094,372
Fidelity Advisor Equity Income Fund 361,500 Feb 27, 2023 0.02% 20,659,725
Invesco Global Core Equity Fund 341,157 Dec 30, 2022 0.02% 19,497,123

Basically, Dodge & Cox is cruising for a bruising.


80 posted on 05/27/2023 1:59:46 PM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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