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    Home»More News»Economy & Money»Anheuser-Busch loses more than $5 billion in value amid Dylan Mulvaney Bud Light controversy

    Anheuser-Busch loses more than $5 billion in value amid Dylan Mulvaney Bud Light controversy

    April 12, 20231 Min Read
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    Beer Colossus Anheuser-Busch saw its value plummet more than $5 billion since the company announced its branding partnership with controversial transgender social media influencer Dylan Mulvaney.

    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.

    The company is dealing with the fallout from conservatives over its deal with Mulvaney, the 26-year-old transgender influencer with more than 10 million followers on social media.

    Mulvaney fired back at critics Tuesday, accusing them of bullying her because she’s an “easy target.”

    As a guest on the “Onward with Rosie O’Donnell” podcast, Mulvaney said her trolls intentionally twist her words and actions in an effort to blast the transgender community.

    “The reason that I think I am so … I’m an easy target is because I’m so new to this,” Mulvaney said. “I think going after a trans woman that’s been doing this for like 20 years is a lot more difficult. I think maybe they think that there’s some sort of chance with me … But what is their goal?”

    Read More Here

    Anheuser-Busch Beer Bud Light Dylan Mulvaney Social media Transgender Value
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