After a partnership was announced with transgender social media influencer, Dylan Mulvaney, company Anheuser-Busch saw a massive value drop. The company’s stock also dropped more than 1.5% on Wednesday.
Anheuser-Busch is experiencing a drop in value after the company announced a partnership between Budweiser and Dylan Mulvaney.
Bud Light Trans Commercial
Mulvaney posted the following Budweiser video on Instagram with further details about being involved with the brand.
Check it out below.
View this post on Instagram
The post was met with critical backlash and comments about the partnership. According to this article, Mulvaney is standing up against critics after an appearance on the“Onward with Rosie O’Donnell” podcast, stating, “The reason that I think I am so … I’m an easy target is because I’m so new to this. I think going after a trans woman that’s been doing this for like 20 years is a lot more difficult. I think maybe they think that there’s some sort of chance with me … But what is their goal?”
As noted here, since this partnership has been announced shares of the brand’s parent company, Anheuser-Busch, have apparently fallen by almost 4%. As a result, the company’s market capitalization supposedly went from $132.38 billion to $127.13 billion on Wednesday, as reported here.
Dylan Mulvaney Tampons
Mulvaney also recently sparked controversy after posting videos with Tampax tampons, causing people to believe the brand had partnered with the influencer. However, this rumor has since been debunked as the brand came out to confirm that it does not have a partnership in place with Dylan Mulvaney.
Image Credit: @Tampax Twitter
Published by HOLR Magazine.