Last week the Bill and Melinda Gates Foundation bought just under $100 million worth of Anheuser-Busch InBev (A-B), the maker of Bud Light. A-B thus owns a brand set on fire by a young woke executive who declared as part of her job that she loathed the brand’s customers and wanted to replace them – which resulted in a 10 percent drop in total U.S. revenue for the corporation, and a much greater drop for Bud Light proper.
The purchase makes the Gates Foundation A-B’s ninth largest shareholder. A-B stock has fallen an additional six percent since the purchase.
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