"There is a reason almost all the top 10 market cap companies in the U.S. can be considered 'woke.' It's good business," Cuban said Sunday."Most CEOs have enough experience to know to just wait out the news cycle until they go to the next one."However, the numbers appear to disagree with Cuban.Sales for the Anheuser-Busch-owned brand are down 24% from where they were last year, and Target has lost nearly $15 billion in market cap, according to a report.
Losing billions of dollars in market cap kills the pocketbooks of shareholders, and Bud Light's loss of market share is unprecedented, according to O'Leary, who added that people should not be surprised that the two Shark Tank investors disagree.Business is all about the money, O'Leary said. "When you're Disney, or you're a beer company, or you're Target, you have customers of every kind. Republicans, Democrats, gender-specific or gender-neutral, It doesn't matter. You want to sell everybody everything all of the time," O'Leary said."When you get involved in partisan issues, you basically lose 50% of your constituency.
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