Following the furore over its partnership with Dylan Mulvaney, Bud Light's parent company has seen a fall in its market capitalization of more than $3 billion.
Bud Light's parent company Anheuser-Busch appears to be weathering a recent decline in value following outrage and calls for a boycott of the brand over its partnership with a transgender influencer and activist.followers in which she explained that Bud Light had sent her a personalized can with her face on it to commemorate 365 days of being a girl. Those who have decried the brand as"woke" over the partnership have taken credit for a recent drop in Anheuser-Busch's value.
Main image, the Anehuser-Busch Global Innovation and Technology Center in Leuven, Belgium, as seen on November 29, 2022. Inset, Dylan Mulvaney at the Hammerstein Ballroom in New York City on April 3, 2023. Bud Light's parent company Anheuser-Busch appears to be weathering a recent decline in value following calls for a boycott of the brand over its partnership with Mulvaney.
"Anheuser-Busch—America's beer—has lost $4 billion in market value," Grant Stinchfield, a conservative radio and TV host, said on Tuesday. "You don't think one person can make a difference?" he added."You better believe you can, because you take the one person and you add it to the next person and the next person."that"like many others I am thinking of selling my [Budweiser] stock if we can't oust the CEO and replace him with someone that thinks about the brand not supporting them minority of people when the majority oppose their dogma.
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