Numbers Show Bud Light Parent Company Has Lost Significant Market Value Since Trans Influencer Controversy

Beer juggernaut Anheuser-Busch, the parent company of Bud Light, has lost billions of dollars in its market value in the days after a public relations nightmare erupted following its paid partnership with a controversial transgender influencer.

The New York Post reported that the value of the company plummeted by more than $5 billion as stock prices fell by nearly 4%. At one point, the value of the company had fallen by more than $6 billion but appears to have slightly recovered as stock prices were up nearly 1.5% on Thursday.
 

The company faced widespread backlash from major conservative figures, including Kid Rock, Matt Walsh, John Rich, Travis Tritt, Tucker Carlson, and many more.