In Reply to: Re: Hey bud, get woke and go broke posted by Bob on April 13, 2023 at 15:26:01:
I'm with you on the drinkability. I'm a hophead, myself and prefer a good IPA. Bud Light is ok to pour into my toilet to add some yeast to my septic tank.
That said, and according to Vinepair.com, it “controls 13.24 percent of the market share alone,” and “has become its own pop culture icon, associated with leisurely drinking without the feeling of being weighed down.
Since March 31, shares of Bud Light’s parent company have fallen by nearly 4% — knocking down the company’s market capitalization from $132.38 billion to $127.13 billion on Wednesday. Anheuser-Busch stock fizzled more than 1.5% on Wednesday. Today, reports say the company has lost more than $6 billion, with the losses continuing to add up.
“I think society flexes its muscles sometimes and reminds manufacturers that the consumer is still in charge,” Jeff Fitter, owner of Case & Bucks, a restaurant and sports bar in Barnhart, Missouri, told FOX Business. “In Bud Light’s effort to be inclusive, they excluded almost everybody else, including their traditional audience.” While Budweiser & Nike have continued to stand with Mulvaney, one thing is clear- this is not going away anytime soon.