by Michael Snyder, The Economic Collapse Blog:
A pattern has emerged that is undeniable. Companies that choose to “go woke” are going broke. In fact, this is even happening to some of the largest and most famous corporations in the entire country. There is a certain portion of the population that absolutely hates having “woke” propaganda shoved down their throats and the throats of their children, and in 2023 we are seeing economic boycotts on a scale that we have never seen before. This is a good thing, because the only way these companies are going to willingly change their behavior is if they see that pushing a radical social agenda dramatically affects the bottom line.
TRUTH LIVES on at https://sgtreport.tv/
Bud Light is a perfect example. On April 1st, Dylan Mulvaney sent shockwaves all over the Internet by promoting Bud Light on social media…
On April 1, Mulvaney posted two pictures on social media.
In one picture, she held a can of Bud Light with her picture on it, and in another picture, she sat in a bubble bath with Bud Light cans around her.
At first a lot of people thought that this was a joke.
After all, it seemed extremely unlikely that a company like Bud Light would actually hire Dylan Mulvaney to promote the brand.
But that is precisely what happened, and the backlash was furious.
To this day, millions of conservatives are refusing to purchase Bud Light, and sales have fallen “by more than 25%”…
After four months of hiring freezes and layoffs — with some beer truck drivers getting heckled and harassed even as Bud Light sales have dropped by more than 25% — Anheuser-Busch wholesalers have accepted that they have lost a chunk of their customers for good — and need to focus on a new crop of drinkers.
“Consumers have made a choice,” said an executive at a Texas-based beer distributor who did not want to be identified. “They have left [Bud Light] and that’s how it’s going to be. I don’t envision a big percentage of them coming back.”
Target is another example.
It turns out that millions of conservative parents were absolutely disgusted by the sick clothing and accessories that the retailer was promoting to their children, and so many of them simply stopped shopping there.
As a result, sales results for the second quarter were extremely dismal…
The second quarter just wrapped up for the 2024 fiscal year, meaning it’s time to dive in and see who crushed it … and who got crushed.
Target, as you can probably guess by now, falls into the latter category.
“Target was our worst performer in the quarter, primarily driven by customers and public reaction to in-store promotions for the month of June,” Smead Capital Management wrote in a letter to investors this week.
Over the past year, shares of Target are down more than 20 percent, and the outlook for the future is not good at all.
Netflix is another company that has learned that it does not pay to go woke.
After coming out with a very twisted slate of “woke” programming over the past couple of years, the streaming giant has begun to hemorrhage subscribers.
In fact, the company lost nearly a million subscribers during the second quarter alone…
The carnage at Netflix keeps getting worse. On Tuesday, the far left-wing streamer revealed that it lost close to 1 million subscribers in the second quarter — the largest quarterly loss of customers in the company’s history.
I fully expect the “carnage” at Netflix to continue, but there is one company that has all of the other examples that I have shared with you so far beat by a mile.
Once upon a time, parents all over America trusted Disney to produce family-friendly content for their children.
As a result, Disney became one of the largest entertainment companies in the world.
But then Disney went “woke”, and results started to turn sour.
Here in 2023, Disney movie after Disney movie has absolutely flopped at the box office, and it is being projected that the company’s film losses so far this year could be around a billion dollars…
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