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[–]comatoseMob 9 insightful - 1 fun9 insightful - 0 fun10 insightful - 1 fun -  (9 children)

Didn't most people flock to Modelo and Corona though? Both of which are also owned by Anheuser-Busch's parent company?

[–]bucetao6969Im a guest here. Do not take my opinion as of a community member 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Modelo is distributed, not owned by Anheuser-Busch's.

This will incentivize more people to get local beers however.

[–]rundown9 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (0 children)

The sales declines are slowly hitting all the other Inbev brands now as people start to learn what "monopolies" are.

[–]BlackhaloPurity Pony: Pусский бот[S] 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

Modelo US is owned by Constellation beverages. Presumably a competitor. But both BUD and STZ are owned by Blackrock, Vanguard and State Street. All big pushers of DEI.

[–]comatoseMob 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

Modelo's wiki says their parent company (outside the US) is InBev, which is Budweiser's partent company.

[–]NetweaselContinuing the struggle 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (4 children)

Didn't most people flock to Modelo and Corona though?

No idea on that...

But if everyone suddenly stopped buying Chevys and switched to Buicks, GM would still have a bunch of Chevys they'd have to unload somewhere....

[–]comatoseMob 8 insightful - 2 fun8 insightful - 1 fun9 insightful - 2 fun -  (3 children)

Good point.

This threat that USAmericans are hurting workers by boycotting is bullshit though, they're a multibillion dollar company, they can afford to keep paying their workers, or transfer them to their other brands that are performing better than Bud Light.

[–]BlackhaloPurity Pony: Pусский бот[S] 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (2 children)

We'll see when they announce earnings, how much of a real hit they take. Considering that BUD is carrying 80 billion dollars in debt, they can't take much of a hit without being in danger of going BK. They took out that debt when rates were near 0% and new debt is pushing 7%. It remains to be seen if CRE blows up first or one of these conglomerates that borrowed cheap to buy out everything they could.

[–]captainramen🇺🇸🛠️ MAGA Communist 🛠️🇺🇸 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

What the fuck? How could you get into 80b in debt by selling basic beer to rednecks? Fuck them, sounds like they deserve to go out of business either way

[–]BlackhaloPurity Pony: Pусский бот[S] 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

In-Bev bought BUD on credit.