What’s Happening:
Again and again, the pattern repeats itself. A major corporation decides to push left-wing, “woke” politics. And Americans turn their backs on them. Most consumers don’t appreciate being lectured to by a massive corporation, especially on politics and social issues.
But the Democrats who run these companies, these days, aren’t learning this lesson.
Bud Light was the latest company to push far-left politics onto American customers. A boycott quickly exploded, as millions of beer drinkers ditched Bud Light and other products made by its parent company. We know that they have lost billions, so far. Now, a major bank is giving them the bad news.
From Daily Wire:
A major multinational bank downgraded the stock status of Anheuser-Busch amidst the continued fallout from the Dylan Mulvaney partnership controversy.
HSBC downgraded the stock of Anheuser-Busch InBev to a hold status, meaning investors should neither buy nor sell shares of it.
Uh-oh! Major bank HSBC is warning investors not to buy or sell Anheuser-Busch stock, which is the parent company of Bud Light. The reason is directly related to the Bud Light boycott. Analysts are admitting that the brand’s “culture transformation” has not been well-received by American consumers.
Mind you, the bank agrees with Bud Light’s journey into woke madness. But they are confessing that the new direction for the company has not gone over well in the United States. HSBC is willing to admit Anheuser-Busch ignored the fallout that other companies experienced when they “went woke.”
I guess the leftist executives at Bud Light didn’t the blowback against Gillette, the NFL, the NBA, Disney, Nike, and many more companies would happen to them. Bud Light took sides in the transgender controversy by celebrating a transgender figure’s “year of girlhood.”
Americans didn’t appreciate Bud Light pushing this leftist ideology. Everyone from regular folks to celebrities has ditched the product. The parent company has already lost $5 billion in stock value as sales continue to drop from week to week.
Now, their stock is in “hold” status. How long before investors start dumping it?
Key Takeaways:
- HSBC downgraded Anheuser-Busch’s stock status due to the boycott.
- The bank is urging investors not to buy or sell the company’s stock.
- Anheuser-Busch is losing money as Americans boycott Bud Light.
Source: Daily Wire
