Bud Light parent Anheuser-Busch’s stock has lost $27B over Dylan Mulvaney
Bud Light maker Anheuser-Busch InBev has lost a whopping $27 billion in market value in the wake of its star-crossed partnership with Dylan Mulvaney — most recently slammed by a 4% stock drop this week.
AB InBev’s market capitalization fell to $107.44 billion through the end of May — down more than $27 billion from the $134.55 billion value the company had on March 31, the day before Mulvaney’s partnership went live, according to Dow Jones Market Data Group.
May was the third-worst month on record for the company’s shares.
The stock is headed towards an official bear market — a 20% drop — as the boycott continues.
Shares of AB InBev closed Friday at $54.85, up 1.9%
The Liberal Hivemind short vid also covers Target stock downgrade.
Bud Light is GIVING UP. The decline can’t be FIXED.
www.youtube.com/watch?v=qoxj0uP4cY0
h/t DestinyAKA-Des