Bud Light Weathers Stock Drop After Trans Partnership Backlash
Instagram followers in which she explained that Bud Light had sent her a personalized can with her face on it to commemorate 365 days of being a girl.
Those who have decried the brand as "woke" over the partnership have taken credit for a recent drop in Anheuser-Busch's value.The row over transgender brand ambassadors is symbolic of a wider debate about the inclusion of transgender women in female issues and spaces.
Some say transgender women should be treated the same as other women, while others say they are different and that hard-won women's rights must be protected.A spokesperson for Anheuser-Busch, Bud Light's parent company, told Newsweek on April 3 that the company "works with hundreds of influencers across our brands as one of many ways to authentically connect with audiences across various demographics."They added that the commemorative can it had given to Mulvaney "was a gift to celebrate a personal milestone and is not for sale to the general public.""Anheuser-Busch—America's beer—has lost $4 billion in market value," Grant Stinchfield, a conservative radio and TV host, said on Tuesday."You don't think one person can make a difference?" he added. "You better believe you can, because you take the one person and you add it to the next person and the next person."Daniel Spillett told Newsweek that "like many others I am thinking of selling my [Budweiser] stock if we can't oust the CEO and replace him with someone that thinks about the brand not supporting them minority of people when the majority oppose their dogma."Newsweek reached out to Anheuser-Busch via email for comment on Wednesday.Anheuser-Busch's market capitalization—the total value of a company's shares—had seen a steady rise since mid-March, marking.
