Western Reader
Microsoft co-founder Bill Gates recently made a bold move by investing $95 million in Bud Light, a beleaguered beer brand. This investment sparked a frenzy on social media, with reactions ranging from mockery to disbelief due to Gates’ far-left leanings.
Bud Light, once the top-selling beer in America, has been struggling with a significant decline in sales following a controversial marketing campaign featuring Dylan Mulvaney.
The backlash against the campaign led to a widespread boycott of the brand, causing sales to plummet and resulting in hundreds of layoffs.
Despite these challenges, Gates remains confident in the brand’s potential for recovery. The Bill and Melinda Gates Foundation Trust purchased 1.7 million shares of Anheuser-Busch InBev, Bud Light’s parent company, totaling $95 million.
Bud Light Welcomes New Investor Bill Gates With Limited Edition Jeffrey Epstein Cans https://t.co/Q3c8pe4MGH pic.twitter.com/KoFeq8N8dM
— The Babylon Bee (@TheBabylonBee) September 6, 2023
However, Anheuser-Busch InBev is currently facing its own financial struggles. The company reported a significant drop in profits in the second quarter, with U.S. revenue falling by 10.5% and earnings before taxes, interest, and depreciation dropping by 28.2%.
Additionally, Bud Light has lost its position as America’s favorite beer to Modelo, a Mexican import. The brand’s decline has become a cautionary tale within the industry, often referred to as being “Bud Light’d”.
Crowd chants “Arrest Bill Gates!” and surrounds his car
“We know who you are you scum!” pic.twitter.com/TxPFqmcHch
— DC_Draino (@DC_Draino) September 6, 2023
The news of Gates’ investment was met with widespread mockery on social media, with users expressing disbelief and humorously speculating on Gates’ motives. Some even drew parallels between Gates’ investment advice and his stance on COVID-19, cautioning others not to heed his words.
Despite the criticism, it’s important to note that Gates, with a net worth of $100 billion, can afford to take such risks. For someone of his financial stature, this investment is simply another business venture. Only time will tell if it will pay off or contribute to the brand’s recent misfortunes.
This article appeared in FreshOffThePress and has been published here with permission.
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