Florida Gov. Ron DeSantis is urging the state’s pension fund manager to consider legal action against Bud Light’s parent company amid conservative backlash to the beermaker’s recent marketing efforts, the latest attempt by the Republican presidential candidate to inject himself and the state he runs into the country’s culture wars.
All because one influencer posted a 15 second sponsored video to her followers.
He knows in order to stop it from happening, he has to make it more expensive to do so. That’s it. That’s the whole hat trick.
Hey look, it’s the party of “keep government out of business!”
At the end of March, Florida’s pension fund held more than 682,000 shares of AB InBev valued at the time at nearly $46 million. The company’s stock price has fallen since then from $66 a share to $58, though it’s still higher than its 52-week low of $44 from September 2022, which was well before the company’s recent controversies.
And this is where I stopped reading. It’s up year over year and he wants to sue? He of course bitches about “woke” while discussing this. Meanwhile he has no shot of winning the primary which makes this all the more pathetic.
DeSantis won’t even win the Florida primary.
He’s a pathetic fascist loser.
Florida’s pension fund only had a $50m position in InBev, for a loss of ~$600k. Not a lot out of a fund of $235 billion. Florida pension funds under DeSantis also took a $200m bath because they invested in Russia, and because DeSantis gave control of Florida’s pension funds to managers who donated to his campaign. Still they’re using this as an excuse to push their culture war and threaten InBev with lawsuits over less significant losses that Republicans caused.
Florida’s absolute worst crime: publicly disobeying their fascist governor.
His culture war bullshit is getting so stale (and borderline cringe) at this point. Don’t want a guy chasing companies and institutions for being “woke” and not do shit for their people as president.
Man, DeSantis must really hate theme parks. Now he wants to destroy Busch Gardens?
Look out Universal Studios, you’re next
After NBCUniversal’s union busting, they might actually be in his good graces.
Why would they interfere with a private company? If Bud’s marketing doesn’t work, they will see it on their finances and will then change to not go bankrupt. Why do politicians even care about beer rather than to regulate? Just do politics already!
Because DeSantis’ MO is to weaponize the government against those that disagree with him.
Awful.
https://www.transparencyusa.org/fl/contributor/anheuser-busch-companies-inc/contributions
Much like Disney, AB has contributed to the Republican coffers while not towing the Republican social stance.
So weird how that’s legal in the U.S. to have that conflict of interest. So blatant.
“Let the market decide” or Republicans, whichever
He goes on about this woke stuff a lot. He wants all companies to support the GOP.
It’s deeper than that. The entire regressive ecosystem is about convincing them that they are the default, and anything else is wrong or at least questionable, and that conforming is the only way to show loyalty.
This is up and down the chain, from the family to the church to the legislative bodies.
