Bud Light tanked. It was the number 1 beer in its category up until that decision - a title it had held for 20 years. It isn’t now.
Their vice president responsible for it was removed.
They lost marketshare across the board.
Their american sales have not recovered.
Bill Gates threw $100 million at their stock in an effort to get it to go back up. Remember - Bud Light is not their whole company. Bud Light has likely been irrevocably harmed. Other beer brands have gained market share, Bud Light lost the number 1 spot it had held for 20 years. Share price isn’t everything when it’s a worldwide brand.
Some facebook-meme level reasoning here bro. If gates bought $100m in stock in september then he’s made $10m on that bet in the last 4 months. You can cherry-pick whatever factoids you like but the bare facts are, no one really cares.
I guess we will see what happens when woolies share price tanks this week. SMH.
So you ignore 90% of my post that proves my point to focus on the 10% that you think proves yours? Lol
Let me guess - it was a coincidence that bud light got dethroned after 20 years at the same time they pulled their stunt?
Dude. You asked how things worked out for Bud Light. Bud Light is InBev. Things are going great.
You’re trying to shoe-horn their PR failure into your narrative that left-leaning companies get cancelled to make yourself feel better about… things, but the fact is Woolies ditched the merch because most people aren’t really interested in buying shitty plastic flag stuff on the 26th of January any more. Dutton whistled, and you barked. Woolies is doing fine. Even if they walked back this decision they would just stock a token flag in January because… there’s no money in that shit.
