Listen, Anheuser-Busch needs as much help as they can get after Mulvaney-gate, but I just did not see this coming.
What, is there some sort of new insect beer I haven't heard about yet?
Who knows?
This is just sort of odd. He bought the shares at the height of Mulvaney-gate.
Bill Gates appears to believe the owner of Bud Light is poised for a comeback, recently paying $95 million to buy up 1.7 million shares of Anheuser-Busch, according to financial data firm TipRanks.
The 67-year-old billionaire bought up the shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year, TipRanks found.
The Seattle-based charitable foundation reportedly holds assets valued to the tune of $69 billion.
I'm guessing he assumed socially conservative-minded people wouldn't stick to the boycott for as long as we have. He was wrong, and will continue to be.
Listen to this, though:
It's not the first time the Microsoft founder has invested his money in beer brands, despite writing in a 2018 question-and-answer session on Reddit that he's "not a big beer drinker."
In February, Gates scooped up a 3.76% stake in Heineken Holding NV, acquiring 10.8 million shares in the Dutch drinks giant valued at $939.87 million at the time of purchase.
Interesting. Beer is a great investment, so I can see why anyone, including Bill Gates, would place their money there.
But Bud Light??
I'm not so sure that's gonna work out for ya, Bill.
Unless you have some top-secret plan to make beer out of crickets or something.
Then we'll all be in trouble.
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