However, since the furor over the partnership with Mulvaney,
it saw a fall in that value of over $3 billion, with a market cap on April 10 of $130.8 billion. That figure has continued to decline since then, and as of 8 a.m. ET on Thursday, the company had a market cap of $110.6 billion—which would represent a fall of around $24 billion in 13 days.
That said, stocks in the company were trading in the high €60 to €61 ($65.50 to $66.70) range
until they dropped on April 11, suggesting that if the value drop was linked to the uproar, it was a delayed reaction.
These fluctuations in value could be construed as the normalization of stock prices after a peak in late March. That rise could be attributed to the company posting revenue growth of 11.2 percent in 2022 on March 2—from $54.3 billion in 2021 to $57.8 billion last year.
London went on to write: "Bud Light sales have dropped 30 percent in the last week while draught beer sales are down 50 percent in many retailers and bars," referring to a story by Sports Keeda, a global sports content platform that also covers popular culture.https://www.newsweek.com/fact-check-have-bud-light-sales-dropped-last-week-1794215