No, Budweiser did not lose $800 million because of Elon Musk. Earlier in April 2023, Elon Musk had posted a picture of a Budweiser can that had been edited so that the title read “Elon’s Favourite Beer.”. The tweet went viral immediately, and led to debates and arguments online. However, this did not lead to a loss of $800 million.

In reality, the Anheuser-Busch (InBev) stock had only declined during the Bud Light controversy (when conservatives called for a boycott of the drink when Dylan Mulvaney, a transgender influencer, promoted the beer on Instagram)┬áRight now, the Anheuser-Busch (InBev) stock has already recovered’

The Budweiser $800 million loss articles you see online is actually fake. It was written by a website ‘Chimnii.com’ that tagged it ‘Satire’. It was also shared by blogs and YouTube channel who use the misleading title as a click bait.

ANSWER

No, Budweiser did not lose $800 million in a day because of Elon Musk’s viral tweet. The fake news was written by a website that is known for creating fake satirical news. In reality, Budweiser brand only saw fluctuations in their stock market during the Bud Light controversy.

Just like the Moana Epic Voyage viral post, the ‘Budweiser Takes an $800 Million Hit Thanks To Elon Musk’ post is a satire and not real news.

By Judith Davidson

I am Judith Davidson, a Cyber Security Professional. I am the founder, Investigator and Author of Snoopviews.com. I started working as a Cyber Fraud Researcher in 2019 when I saw lots of people falling victims to fraudulent websites pretending to sell disinfectants, masks and wipes during the Covid19 pandemic. Since then, I've saved millions of people from online scams.

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