Losing "share of throat"... AB InBev — Earth's largest brewer. Its profits plummeted 75% last quarter. And its top labels are losing ground in its largest market (the US) as Americans snub Bud Lights for White Claws. Seltzers now make up 2.6% of all US alcohol sales — more than 3X growth since a year ago. Bud has intro'd 3 seltzers but is still lagging. The biggest disruptors — Boston Beer's Truly and Mark Anthony Brands' White Claw — are now too big to acquire.
Mosh pit cancelled indefinitely... Shares of Eventbrite dropped to an all-time low despite expectations-beating revenues — that's because it's seeing "early evidence" of virus-related event cancellations. Blame this statement: "We expect the outbreak will impact live events and attendance in the near-term.” Making shareholders even sicker — event rival Live Nation enjoyed a 10% jump last week, somehow immune so far to coronavirus concerns.