That came amid speculation that investors were buying the dip after it closed at $63.38 on Wednesday, sparking headlines that Anheuser-Busch lost roughly $5 billion in market cap. “They asked us to completely eliminate their position,” Jenkins said. “We had one person that said, ‘Get me out of that stock. I just don’t want to be a part of it.’”to reach young people because wine, hard seltzers, and craft brews are cutting into sales.
But just because Anheuser-Busch will manage to stay in business despite the Mulvaney backlash, Jenkin“Anytime a company puts on a national spokesperson that has backlash, it certainly can affect your business. I mean, look what happened with Paula Deen and Bill Cosby and Lance Armstrong, and they were famous people. Now we’re just talking about a transgender influencer,” Jenkin said. “So, certainly there can be a trickle-down effect.
Famed journalist-turned-investor Porter Bibb believes Anheuser-Busch’s “momentary woke initiative follows the current market trend of punishing companies for leaning into social culture,” but agrees it won’t last forever. twitter/@KidRocktwitter/@KidRock Forbes Media chairman Steve Forbes believes consumers will ultimately decide if Anheuser-Busch botched the promotion.
Forbes said that companies can do whatever they want when it comes to working with social media influencers.“If you are not performing, your stock takes a hit, shareholders get uneasy. You are going be out of a job if you’re CEO,” Forbes continued. “The market ultimately works, and the market is people.”
Probably
That’s one sick mf🤡
It sends the message their beer won’t get you drunk enough
Just change the name to “Junk-Lite” because they’ll never recover from this…
Oh I’m DONE.
Regressive conservatives 'experts ' 😆
Yeah, conservatives are sick of all their shit being taken over by fucking perverts.
He is one ugly dude.
Has, not will
What's the definition of a Trans woman any way - A Chick With A D***
You misspelled has.
KevinSeney Isn't this the person they hired to advertise themselves?
I was puzzled why Mulvaney gained 10 million fans, and just found out that Biden is the enabler.
Are people still crying over that?
GET WOKE, GO BROKE. It's a simple concept.
Bud Light is dead. They didn't want the brand to die, so they killed it.
Noooooooooooo.....are you serious?! Lmfao 🤣🤣🤣
It's just a damn beer who fucking cares
Already has now be done with this 🤡
In an effort to get out of their white, frat boy image, and appeal to Progressives, and people of color, Bud Light will now market to antiracists. Here is their new spokesmodel:
'His' or Butt Lights rep? Hmmmmm
I thought the product itself did that already?
She was so brave. I’ll buy some bud light.
No. Shit. Sherlock.
He’s a weirdo and even tho he thinks he’s a girl. He is UGLY AS FUKK
Talk about not knowing your market...
Uhh, ya think? Let’s give it up for the big brains on Wall Street, ladies and gentlemen!!! 🙄
This is better
Nobody is buying ATF at the grocery store.
They gotta stop with the close ups of this Freaks’ grill 😂
das right PECKAWOODS if you still drinking bud light you’s a yellabelly scallawag
“Experts” lol
😂 deserved