Pointless culture wars rage as democracy dies

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Readers will doubtless be aware that Bud Light recently launched a new marketing campaign starring a transgender influencer in the US.

The results speak for themselves. Citi with the note:

According to the latest weekly US Nielsen data through to 3rd Jun, Bud Light volume declines accelerated last week to -29.9% vs -26.1% in the week ending 27th May, and sales worsened to -27.0% from -23.3% (Figures 1 & 2).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.