Florida Governor Ron DeSantis has called on his state’s Board of Administration to explore legal action against Bud Light’s parent company, Anheuser-Busch (AB InBev), under the guise that a stock devaluation resulting from conservative boycotts against the brand is affecting Florida’s pension fund.
Earlier this year, conservatives had a full meltdown over a 45-second Instagram video touting a partnership between Bud Light and transgender influencer Dylan Mulvaney. Kid Rock purchased cases to shoot in his backyard, country singer Travis Tritt said he’d removed Anheuser-Busch products from his tour’s hospitality rider, conservative influencers accused the beer company of lacing their product with estrogen. The hysteria resulted in widespread boycotts, and Anheuser-Busch’s stock value dropped 20 percent. It is worth knowing that while the company’s stock price is still lagging, the devaluation from the backlash does not even represent a year-to-date low.
But it seems like DeSantis didn’t stop to consider that his state’s pension fund was invested in Anheuser-Busch when he publicly promoted the boycott…
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