Budweiser loses $16 billion in value…

Budweiser loses $16 billion in value…

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Bud Light's parent company Anheuser-Busch has seen its market value plunge $15.7billion since the disastrous campaign with transgender-influencer Dylan Mulvaney. Since April 1, the company has consistently been dropping down the rankings, with experts saying it 'just keeps getting a little worse each week'. But their competitors have added $3.2billion in market value to their brands in the same time. Molson Coors, which owns Coors Lite, has seen an increase of $2.2billion market value, around 20 percent, while Heineken has a spike of $1billion – an increase of 1.7 percent.  Sales of Bud Light are down more than 23 percent...
Source: https://www.dailymail.co.uk/news/article-12120649/Anheuser-Busch-lost-staggering-15-7-BILLION-value-Bud-Light-controversy-began.html