<p>Beer juggernaut Anheuser-Busch, the parent company of Bud Light, has lost billions of dollars in its market value in the days after a public relations nightmare erupted following its paid partnership with a controversial transgender influencer.</p>
<p>The New York Post <a href="https://nypost.com/2023/04/12/anheuser-busch-down-5b-in-value-amid-dylan-mulvaney-bud-light-controversy/">reported</a> that the value of the company plummeted by more than $5 billion as stock prices fell by nearly 4%. At one point, the value of the company had fallen by more than <a href="https://www.dailymail.co.uk/news/article-11967335/Bud-Lights-parent-company-Anheuser-Busch-InBev-lost-6-BILLION-market-cap.html">$6 billion</a> but appears to have slightly recovered as stock prices were up nearly 1.5% on Thursday.</p>
<p>The company faced widespread backlash from major conservative figures, including <a href="https://www.dailywire.com/news/kid-rock-blasts-bud-light-for-partnering-with-trans-activist-dylan-mulvaney">Kid Rock</a>, <a href="https://www.dailywire.com/news/it-was-well-deserved-matt-walsh-reacts-to-bud-light-beatdown-gives-a-key-piece-of-advice">Matt Walsh</a>, <a href="https://www.dailywire.com/news/john-rich-says-cases-and-cases-of-bud-light-piling-up-at-his-nashville-bar-after-mulvaney-partnership">John Rich</a>, <a href="https://www.dailywire.com/news/john-rich-travis-tritt-join-boycott-of-bud-light-after-brand-partners-with-dylan-mulvaney">Travis Tritt</a>, <a href="https://twitter.com/TPostMillennial/status/1645594441346891778">Tucker Carlson</a>, and many more.</p>
<p>Joe Rogan, who is popular on the political Right but not conservative, <a href="https://www.dailywire.com/news/joe-rogan-takes-surprising-stance-on-bud-light-controversy">dismissed</a> outrage aimed at the company as he drank a Bud Light during an episode of his podcast &#8220;The Joe Rogan Experience&#8221; this week.</p>
<p>“Like — what they’re doing is just spreading the brand to an extra group of people. Why — If something is good, do you give a f*** who’s got it?” Rogan said. “Like, would we do this with cheesecake? Like, you know what I’m saying? Like, if there was like a bomb-a** cheesecake and all of a sudden, you know, some radical group like antifa really got into the cheesecake. We would be like, ‘F*** this.’ And if the Cheesecake Factory sent antifa a cheesecake, you know, ‘for 10 more years of chaos,’ you know, like celebratory.”</p>
<p>However, Rogan noted that he enjoyed much of the backlash to Bud Light, including Kid Rock <a href="https://www.dailywire.com/news/kid-rock-blasts-bud-light-for-partnering-with-trans-activist-dylan-mulvaney">shooting</a> a bunch of Bud Light cans.</p>
<p>“But on the other hand I love Kid Rock’s video. Because I love that kind of thinking,” Rogan said. “Not even that I agree with it? I like wild people. I like a dude who takes a machine gun to a stack of Bud Lights and is like, ‘F*** Anheuser-Busch!’”</p>
<p>“But I mean, where’s he gonna go now? You gonna go to Coors?” he continued. “Don’t they all support like LBGTQ+AI, whatever the hell else they’re attaching to it, issues?”</p>
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<p>Rogan later added that he thought it was “funny” that people were “super outraged” over the controversy.</p>
<p>“How is that the big deal?” Rogan said. “I think it’s goofy. Because I think that person’s goofy. But if you want to hire a goofy person, like, who gives a s***? It’s kind of hilarious. It was also just a can with that person’s face on it. That’s all it was. It wasn’t like something they were selling.”</p>
<p><strong>Related: <a href="https://www.dailywire.com/news/new-details-emerge-over-mistake-that-led-to-bud-lights-paid-marketing-engagement-with-trans-influencer">New Details Emerge Over ‘Mistake’ That Led To Bud Light’s Paid Marketing Engagement With Trans Influencer</a></strong></p>

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Numbers Show Bud Light Parent Company Has Lost Significant Market Value Since Trans Influencer Controversy

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Numbers Show Bud Light Parent Company Has Lost Significant Market Value Since Trans Influencer Controversy