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Why did Anheuser-Busch lose $27 billion in market value?

(Error Code: 233011) Bud Light maker Anheuser-Busch InBev has lost a whopping $27 billion in market value in the wake of its star-crossed partnership with Dylan Mulvaney — most recently slammed by a 4% stock drop this week.

Why did Anheuser-Busch InBev stock drop 20 percent?

Anheuser-Busch inBev has seen a stock price decline of roughly 20 percent over the past two months, as sales of Bud Light continue to struggle following the beer brand's one-can partnership with Dylan Mulvaney, a transgender influencer and activist.

How much does Anheuser-Busch stock cost in 2023?

In fact, as of Wednesday, April 12, 2023, the share price closed at $63.38, a reduction in Anheuser-Busch's market cap of $5 billion since March 31, 2023. At the time of writing, on April 14, the share price is $64.34.

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