Bud Light Sales Down 80% Rumor
Recently, a rumor has been circulating on social media that Bud Light has lost $4 billion, following the controversy surrounding the brand’s use of transgender influencer, Dylan Mulvaney, as its spokesperson. This rumor is just another false claim that is being used by the anti-woke community to protest against the brand and its parent company, Anheuser-Busch.
Despite the rumors, it appears that Anheuser-Busch’s stock value has not been significantly impacted by the controversy. While some critics have been closely analyzing the charts to determine the company’s stock value, they seem to have got it wrong. The market cap has gone from $132.38 billion to $128.40 billion as of April 11, but this doesn’t necessarily mean that sales have dropped by 70%.
Anheuser-Busch Stock Price
In fact, the stock price has actually risen from $64.96 on Monday to $65.50 on Tuesday, April 11. It has also been reported that the initial plunge in stocks came after a 10-day win streak, which vaulted Anheuser-Busch stock to 52-week highs. Additionally, a spokesperson for Anheuser-Busch has confirmed that there is no truth to previous claims that the company lost $800 million in a single day.
Bud Light Revenue Loss
Despite the controversy, Anheuser-Busch’s inactivity on social media has fueled assumptions that the company is experiencing a downfall. However, Bud Light’s Vice President, Alissa Heinerscheid, and a representative who issued a statement earlier have publicly shown their support for the LGBTQ+ community. A spokesperson has also clarified that the commemorative can featuring Dylan Mulvaney was a gift to celebrate a personal milestone and is not for sale to the general public.
In conclusion, while the controversy surrounding Bud Light’s use of a transgender influencer has sparked criticism from some groups, the claim that the brand has lost $4 billion is just another false rumor that has been circulating on social media. Anheuser-Busch’s stock value has not been significantly impacted, and the company has clarified that it remains committed to supporting diversity and inclusivity.
Published by HOLR Magazine.
