Bill Gates acquires $95M+ of Anheuser-Busch shares after Bud Light incident.
Billionaire Bill Gates Takes a Gamble on Anheuser-Busch Stock
Billionaire Bill Gates has made a bold move, investing over $95 million in the struggling stock of Anheuser-Busch, the renowned beer company.
Gates, the co-founder of Microsoft, has purchased more than 1.7 million shares of Anheuser-Busch, amounting to approximately $96.5 million. This significant investment suggests that Gates has faith in the company’s potential for a turnaround following a challenging period.
Financial Troubles and Controversial Partnerships
Anheuser-Busch’s financial woes began in late March when it collaborated with transgender social media sensation Dylan Mulvaney. The company presented Mulvaney, a biological male, with a can of Bud Light to commemorate the activist’s one-year anniversary of transitioning. Unfortunately, this anheuser-busch-shares-in-wake-of-bud-light-fallout/” title=”Bill Gates acquires M+ of Anheuser-Busch shares after Bud Light incident.”>move faced significant backlash from conservative consumers, resulting in a staggering loss of nearly $400 million for Anheuser-Busch.
In response to the controversy, Anheuser-Busch heir Billy Busch expressed his willingness to repurchase Bud Light if the brewer’s parent company, AB InBev, decides to sell it. He also emphasized that his ancestors would strongly disapprove of the partnership with Mulvaney.
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Public Fatigue with “Woke” Policies
In the aftermath of the Bud Light debacle, Kaylee McGhee White, a writer for the Washington Examiner, argued that the public is growing weary of the pervasive influence of “woke” policies in their daily lives. White highlighted the frustration people experience with encountering radical leftism in their children’s classrooms, the medical community, and even the grocery aisles. Finally, individuals are taking a stand and saying, “Enough.”
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