MicroGroks
Keep in mind this truth. These people didn’t stop drinking beer; they just stopped drinking Bud Light. Market forces continue to work. There are winners and losers, and the Anheuser Busch folks, after slitting their wrists, are looking for a way to stop the bleeding.
Execs at Target are tucking their junk as the retailer’s market cap collapses (down 8.9%) and share prices tumble. On May 17th, the stock sold for $160.95. Yesterday it closed at 139.36.
Bed Bath & Beyond has filed for Chapter 11 bankruptcy. Remember the company that dropped the highly profitable “My Pillow” from their inventory because they didn’t like the conservative Mike Lindell? Many folks would say that is why B B & Beyond will be no more.
Dylan Mulvaney may have been excited to share the news about the deal with Bid Light, but the brand has had a little hiccup. Anheuser Bush Market Cap has declined about 3%, which doesn’t sound like much until you realize that equals 4 billion dollars.
Many prominent American companies are employing the same spokesperson to hype their products. What they are actually doing is angering a significant number of their customers.
It’s time for another episode of go woke go broke; this time, broke means bankrupt. Out of business. Closed for good. Why? Christain donors stop donating after the
BlackRock® invests other people’s money and a lot of it, but not everyone is happy about how. Its commitment to “Environmental, Social and Governance” (ESG) has become an albatross around the company’s neck.
We’ve had a beef with Facebook for Years (impossible beef, since it’s Facebook). The Social media beast trampled on our speech because they didn’t like it, so is this Karmic revenge? While the markets have taken a beating under Biden (down 30+ percent), Meta (Facebook) is down 67%.
The same folks who cut the cord on CNN+ continue to make “moves” to trim debt or cut losses. This week’s lesson comes from the CW. What Ace calls the “WokeSuperheroes and teenagers-talking-in-hallways network.” They “sold” it for zero dollars.
Go Woke, Go Broke. Disney, Netflix, Twitter – yeah, they’re in the dumpster. And Disney’s troubles have just started.
