The “King of Beers” has taken a significant hit! Bud Light’s recent ad campaign with transgender influencer Dylan Mulvaney has sent its sales plummeting, sparking a bear market for Anheuser-Busch InBev. While Bud Light’s stock has been sinking, rival Molson Coors has seen a 19% rise, celebrating an increase in sales. As the Bud Light boycott intensifies, Anheuser-Busch’s market capitalization has plummeted, causing a $26 billion drop-off since the controversy began. Modelo and other competitors are capitalizing on Bud Light’s decline, threatening its status as America’s top-selling beer.
