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Thursday, July 18, 2024

Rolling Stone: DeSantis Wants to Sue Bud Light’s Parent Company Over Effects of Boycott He Promoted

DeSantis Wants to Sue Bud Light’s Parent Company Over Effects of Boycott He Promoted

The Florida governor has called on the state’s pension fund manager to explore legal action against Bud Light’s parent company
 

BY NIKKI MCCANN RAMIREZ, Rolling Stone

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…

More here >

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