The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on September 05, 2023, 11:52:12 pm
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Bill Gates bets on Bud Light's comeback as tech mogul buys 1.7MILLLION shares of disgraced brand's parent company after Dylan Mulvaney partnership tanked value
The Microsoft founder, 67, acquired the shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year
Gates also invested $939.87million in Heineken stock at the onset of the Bud Light controversy after their disastrous partnership with Dylan Mulvaney
By Claudia Aoraha, Senior Reporter For Dailymail.Com
Updated: 17:14 EDT, 5 September 2023
Bill Gates has put his bets on Bud Light's comeback after the tech mogul bought 1.7million worth of shares from the disgraced brand's parent company.
The Microsoft founder, 67, acquired the Bud Light shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year.
The shares hold a market value of approximately $95 million, reports TipRanks.
His investment comes as Anheuser-Busch Companies are still reeling from the effects of their partnership with trans influencer Dylan Mulvaney on April 1. The videos and images posted by her caused nationwide boycotts of the beer.
This is not the first time that Gates has invested in the global beer industry after making a much more sizeable purchase months ago.
more
https://www.dailymail.co.uk/news/article-12483955/Bill-Gates-Bud-Light-Dylan-Mulvaney.html
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All the more reason not to buy that stuff.
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IMO he's probably right, because people will eventually forget about the controversy and move on and it'll probably come back at some point.
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It's a big company with plenty of other products, so the company itself will survive, and eventually its stock will go up again.
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IMO he's probably right, because people will eventually forget about the controversy and move on and it'll probably come back at some point.
Yup