Budweiser Faces Backlash and Stock Decline Over Transgender and LGBTQ+ Controversies
TL;DR
Bud Light's parent company, Anheuser-Busch InBev, has seen its stock price fall for five consecutive days, as the boycott against the brand gains momentum. The controversy began when Bud Light aired a commercial during the Super Bowl that mocked corn syrup, a key ingredient in rival brands' beers. The boycott highlights the power of consumer behavior in the stock market.
- BUD Stock Falls for Fifth Day as Transgender Controversy Takes Toll Barron's
- Chicago gay bars boycott Bud beers over Dylan Mulvaney flap NBC News
- Bud Light parent company's stock downgraded by HSBC amid branding 'crisis,' huge sales drop Fox Business
- Chicago gay bars dropping Bud Light, Goose Island amid backlash for transgender ad campaign Chicago Tribune
Want the full story? Read the original reporting
Read on Barron's