Bud Light Man Dylan Mulvaney Leaves Country
The market value of major brands like Bud Light and Target, among others, has dropped by double digits in recent weeks due to backlash for supporting LGBTQE+E for Evil causes. After the rollout of the company’s Pride collection at the beginning of May, which included some items aimed at children, there was a boycott of Target stores. Target’s market cap dropped from $72.52 billion on May 1 to $61.78 billion on May 30, a decrease of 14.80 percent. After launching a marketing campaign in April with transgender social media personality Dylan Mulvaney, Bud Light found itself the target of criticism. Anheuser-Busch, the company that owns Bud Light, saw its market capitalization drop from $132.06 billion on April 3 to $108.19 billion on May 30.
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