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☆ Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +11 min

For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.

Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida

☆ Bud Light boycott is the talk of the town at the prestigious Cannes Lions ad festival
▼ + stars: | 2023-06-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Mike Moore | Getty Images Entertainment | Getty ImagesBud Light's ill-fated Dylan Mulvaney collaboration dominated conversations among marketers gathered in southern France for the Cannes Lions advertising festival this week. But according to Sarah Kate Ellis, president and CEO of LGBTQ+ rights organization GLAAD, Bud Light's lack of engagement did exactly that. "What Bud Light did was they had a trigger response and they ended up alienating everyone," Ellis told CNBC's Tania Bryer Wednesday. In May, Bud Light lost its top spot in the U.S. beer market, falling behind Constellation Brands' Modelo after sales slumped 24.6% year over year. A 'wake-up call'AB InBev's chief global marketing officer, Marcel Marcondes, said Monday that the months-long Bud Light boycott had been a wake-up call for the company.

Persons: influencer Dylan Mulvaney, Mike Moore, Bud Light's, Dylan, influencer Mulvaney, Brendan Whitworth, Sarah Kate Ellis, Bud Light, Ellis, CNBC's Tania Bryer, we're, David Droga, Droga, Andrew Clarke, Mars Wrigley, Clarke, Marcel Marcondes Organizations: Getty, Cannes Lions, Anheuser, Busch InBev, InBev's North, U.S, Constellation Brands, Modelo, Accenture, Brands, InBev's, Light, Deutsche Bank Locations: France, Cannes, U.S

☆ Report Cites More Than 350 Anti-L.G.B.T.Q. Incidents Over 11 Months
▼ + stars: | 2023-06-22 | by ( Maggie Astor | ) www.nytimes.com time to read: +1 min

The report uses similar methodology to what A.D.L. and GLAAD have compiled a report on homophobic and transphobic incidents. and GLAAD had documented 101 such incidents in the first three weeks of June, which is Pride Month. An upcoming report from the Center for the Study of Hate and Extremism at California State University, San Bernardino shows a 52 percent increase in anti-L.G.B.T.Q. It also shows a 47 percent increase in hate crimes against gender-nonconforming people, which the report defines as including drag performers.

Persons: Sarah Moore, ”, Sarah Kate Ellis, “, Brian Levin Organizations: GLAAD, Center, California State University, San Locations: A.D.L, San Bernardino

☆ Cannes Lions 2023: Bud Light had a trigger response and alienated everyone, says GLAAD president
▼ + stars: | 2023-06-21 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCannes Lions 2023: Bud Light had a trigger response and alienated everyone, says GLAAD presidentSarah Kate Ellis, president and CEO of LGBTQ+ media monitor GLAAD, gives her assessment to CNBC's Tania Bryer on what went wrong for Bud Light in its recent campaign featuring Dylan Mulvaney.

Persons: Bud Light, Sarah Kate Ellis, CNBC's Tania Bryer, Dylan Mulvaney Organizations: Cannes

☆ While fights rage over big brands like Bud Light and Target, other companies have stepped back and are quietly improving LGBTQ+ representation from the inside
▼ + stars: | 2023-06-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Big brands from Bud Light to Disney to Starbucks have recently been entangled in the culture wars. Their involvement in LGBTQ+ representation has made waves among advocates and conservatives alike. But more big companies are quietly working behind the scenes to boost LGBTQ+ representation. Among these same big companies, the number of LGBTQ+ board members rose to 39 from 26 last year. The fracas has now pushed Bud Light from atop the list of best-selling beers in the US.

Persons: Bud Light, —, Garth Brooks, Paul Washington, Washington, they've, Roe, Brian Bueno, Dylan Mulvaney, Sarah Kate Ellis, Ellis, Bueno Organizations: Starbucks, Service, Disney, Adidas, LA Dodgers, Fortune, Nasdaq, Leadership, Companies, ESG, Board, Supreme, Farient Advisors, Global Governance, Group, GLAAD, Nike Locations: Americana, Wade, America

☆ SoftBank-backed digital lender Zopa beefs up executive team with IPO-experienced CTO
▼ + stars: | 2023-06-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — British digital bank Zopa is beefing up its management team with a couple of senior hires, as the company looks to fuel growth and prepare its business for an eventual public listing. Donlon notably saw Moonpig through its public listing in 2021, which valued the company at around £1.2 billion at the time. "We haven't had great IPOs," he told CNBC in an interview on the sidelines of London Tech Week this week. "If you look at kind of banks, and how they're valued, or tech companies, both of them, public market valuations are not great." "We need to make sure that there is enough liquidity for a public company to be truly public.

Persons: Peter Donlon, Kate Erb, Erb, Donlon, Zopa, Jaidev Janardana, IPOs Organizations: LONDON, CNBC, KPMG, Leeds Building Society, London Tech

☆ Twitter is a more dangerous platform for the LGBTQ community now than it was a year ago, GLAAD finds
▼ + stars: | 2023-06-15 | by ( Brandon Gomez | ) www.cnbc.com time to read: +4 min

Twitter is a more dangerous social platform for LGBTQ users now than it was a year ago, according to a new survey from LGBTQ+ rights organization GLAAD. GLAAD found that the platforms continue to fall short at establishing and enforcing safeguards meant to protect LGBTQ users from hate speech. "You can think of community notes as like an error correction on information in the network. And the effect of community notes is actually bigger than it would seem. The debate over a community notes approach is that it leaves the burden on those affected by hate speech to report harmful posts.

Persons: Kara Swisher, Sarah Kate Ellis, Jack Malon, we've, we're, Elon Musk, Musk, CNBC's David Faber Organizations: CNBC, New York, Facebook, YouTube, Twitter, GLAAD, Machine

☆ France plans major police presence for June 6 day of protest
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

In a tweet, French Interior Minister Gerald Darmanin said the extra policing would "ensure the security of the demonstrations and guarantee the right to demonstrate". Macron's reform to raise the retirement age to 64 from 62, has already sparked weeks of protests and strikes. "We are not asking to bring down the government, but to bring down the retirement reform," said Sophie Binet, leader of France's hard-left CGT union, on BFM TV on Sunday. The months-long battle against Macron's push to raise the retirement age has raised the profile and membership of France's unions, which have drawn interest from younger and private sector workers. Reporting by Kate Entringer and Mimosa Spencer; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron's, Gerald Darmanin, Sophie Binet, Binet, Kate Entringer, Mimosa Spencer, Barbara Lewis Organizations: French, CGT, Thomson Locations: Paris

☆ Boycotts hit stocks hard. Here's what might be next for Bud, Target and others caught in the anti-Pride backlash
▼ + stars: | 2023-06-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Anheuser-Busch InBev shares hit a 52-week high of $67.09 on March 31. Bud Light has tried to win back customers with a $15 off rebate program on Budweiser, Bud Light, Bud Select and Bud Select 55. Stock Chart Icon Stock chart icon Target's stock hit a 52-week low on Thursday. Stock Chart Icon Stock chart icon VF Corp. shares traded as low as $16.77 on Thursday. Stock Chart Icon Stock chart icon Kohl's shares on Thursday hit a low of $17.89, the stock's lowest level since May 22, 2020, when it traded as low as $17.19.

Persons: BUD TGT, Justin Sullivan, Bud Light, Dylan Mulvaney, Pattie Gonia ., it's, Brayden King, Cowen, Vivien Azer, Miller, Azer, Bud, Brandon Bell, King, Sarah Kate Ellis, recouping, Christopher Horvers, Horvers, Wells, Edward Kelly, Kelly, Americus Reed Organizations: TAP, Anheuser, Busch, Target, VF Corp, North, Pride, Busch InBev, Coors, Molson Coors, Lite, Bud, Budweiser, Walmart, Bud Light, Companies, GLAAD, JPMorgan, Americus, University of Pennsylvania Locations: San Francisco , California, Austin , Texas, Wells Fargo

☆ Most Americans say companies should publicly support LGBTQ+ community, new GLAAD survey finds
▼ + stars: | 2023-06-01 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

A clear majority of Americans who don't identify as LGBTQ+ believe companies should publicly support the community, according to a new survey from gay rights organization GLAAD. In April, Bud Light came under fire after partnering with transgender social media influencer Dylan Mulvaney. The campaign prompted violent videos of customers shooting cans of Bud Light and a right-wing boycott. In response, the marketing executive who oversaw the partnership at Bud Light parent company Anheuser-Busch Inbev took a leave of absence. Sales of Bud Light since then continue to suffer, according to data by Evercore ISI.

Persons: Critics, Bud Light, influencer Dylan Mulvaney, Bud, Anheuser Busch, Sarah Kate Ellis, Ellis Organizations: Target, Mega, Bud Light, Anheuser, Busch Inbev, Evercore ISI, Mulvaney, GLAAD, Pride, Edelman Trust, Twitter, America

☆ For companies, the stakes are high this Pride
▼ + stars: | 2023-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

New York CNN —Companies have long embraced Pride Month in June as an uncomplicated way to market to members of the LGBTQ+ community while telegraphing progressive values. Gavin Newsom called out Target’s CEO for “selling out the LGBTQ+ community to extremists.”The current landscape “is alarming,” Todd said. “That middle ground is going away.”So this year, companies that want to participate in Pride have to be prepared to take a real stance. Some of those lashing out have described a campaign against Pride itself, rather than Bud Light or Target (TGT) specifically. It won’t be worth whatever they think they’ll gain.”It’s no coincidence that the anti-trans assault comes as trans rights are under legal attack across the nation.

Persons: Bud Light, Bud Light’s Instagram, Bud, BUD, Eric Thayer, ”, Daniel Korschun, “, —, Jared Todd, Gavin Newsom, ” Todd, ” Korschun, Sen, J.D, Vance, J, Justin Sullivan, Anna Moneymaker, Matt Walsh, Sarah Kate Ellis, Ellis, Trevor, Seth Wenig, ” Ellis, Todd, It’s, didn’t, Colin Kaepernick, Drexel’s, Korschun, Jared Watson, ” Watson, Watson, Pattie Gonia, ’ ” Watson, ’ Organizations: New, New York CNN — Companies, Target, Bud Light, Anheuser, Busch, National LGBT Chamber of Commerce, Bloomberg, Getty, Drexel University, Wall Street, Foundation, Human Rights, HRC, California Gov, —, Pride, Twitter, HumanRights, UCLA School of Law, GLAAD, Morning, Nike, New York University, “ Locations: New York, Ohio, Target, California, America, New Jersey

☆ Target is being held hostage by an anti-LGBTQ campaign
▼ + stars: | 2023-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —During every Pride Month in June for the past decade, Target has sold merchandise for LGBTQ customers, employees and allies. But this year, Target faced an anti-LGBTQ campaign that went viral on social media. Fueled by far-right personalities and on social media platforms, the anti-trans campaign spread misleading information about the company’s Pride Month products and its business practices. It won’t be worth whatever they think they’ll gain.”The campaign became hostile, with threats levied against Target employees and instances of damaged products and displays in stores. Meeting demandTarget became the focus of the anti-LGBTQ campaign’s ire for its Pride Month merchandise, but the campaign misrepresented Target’s ambitions.

Persons: ”, Matt Walsh, Kelley Robinson, Bud Light, Yoram, “ It’s, Brian Cornell, Fortune, Erik Carnell, ” Target, Gavin Newsom, Sarah Kate Ellis, Tim Calkins, Ron DeSantis, “, Paul Argenti Organizations: New, New York CNN, Target, Twitter, Human Rights, Pride, University of Pennsylvania’s Wharton School, Gallup, ”, Wall Street Journal, GLAAD, Northwestern University’s Kellogg School of Management, Companies, Nike, Disney, Florida Gov, Los Angeles Dodgers, Dodger, Dartmouth University’s Tuck School of Business Locations: New York, California, statehouses

☆ Twitter removes transgender protections from hateful conduct policy
▼ + stars: | 2023-04-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Twitter appears to have quietly rolled back a portion of its hateful conduct policy that included specific protections for transgender people. The policy previously stated that Twitter prohibits “targeting others with repeated slurs, tropes or other content that intends to degrade or reinforce negative or harmful stereotypes about a protected category. The change to the hateful conduct policy is one of a number of updates Twitter has made to its safety and content moderation practices since Elon Musk took over the company last fall. LGBTQ advocacy group GLAAD called out the hateful conduct policy change in a Tuesday statement. The billionaire tried to assuage advertisers about Twitter’s approach to hateful conduct at a marketing conference Tuesday, saying, “If somebody has something hateful to say, it doesn’t mean you should give them a megaphone,” according to a report from the Wall Street Journal.

☆ Vivendi to sell celebrity magazine Gala to win EU approval for Lagardere bid -source
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 11 (Reuters) - French media giant Vivendi (VIV.PA) is set to commit to selling celebrity magazine Gala in a bid to win the European Commission's approval for the acquisition of Lagardere (LAGA.PA), a source close to the matter said on Tuesday. The commitment to the European Commission's antitrust services will be made on Wednesday, the source added. The pledged sale of Gala would be the latest remedy offered by Vivendi, controlled by billionaire Vincent Bollore, as it seeks to secure the takeover of Lagardere's flagship weekly publications Journal du Dimanche (JDD) and Paris Match. Last month Vivendi said it was in talks to sell its publishing division Editis to billionaire Daniel Kretinsky to allay EU antitrust worries, as Lagardere is home to Hachette, the world's third-biggest publishing group. Reporting by Kate Entringer; writing by Mathieu Rosemain; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Fabricated tweet about Nashville shooting attributed to trans entertainer and activist
▼ + stars: | 2023-04-04 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A fabricated tweet alluding to the recent Nashville school shooting is being falsely attributed to trans entertainer and activist Peppermint. However, the tweet does not exist on Peppermint’s official Twitter page (twitter.com/Peppermint247). The tweet does not exist in an archived version of the Twitter page (here). anti-trans comments misgendering me don't deter me from uplifting people from marginalized communities.”She also addressed the claim on her Instagram page (here). A tweet attributed to trans performer and activist Peppermint being shared online has been fabricated.

Cars were torched in Paris and other French cities in the evening during otherwise peaceful demonstrations involving several thousand people. "Something fundamental happened, and that is that, immediately, spontaneous mobilisations took place throughout the country," hard-left leader Jean-Luc Melenchon said. Protests took place in cities including Toulon on Friday, and more were planned for the weekend. Macron will want to turn the page quickly, with government officials already preparing more socially minded reforms. Amid the unrest on Thursday evening, someone had tagged on a shop front: "Let's destroy what destroys us."

☆ Global house prices set to extend declines, risk of more with higher rates: Reuters poll
▼ + stars: | 2023-03-10 | by ( Hari Kishan | ) www.reuters.com time to read: +3 min

Predicted drops in house prices in the U.S., Canada, Britain, Germany, Australia and New Zealand will come off price surges of as much as 50% since the start of the pandemic in 2020. House prices in Canada and New Zealand, which began to fall last year, were forecast to register a peak-to-trough drop of at least 20%, the poll showed. Reuters Graphics Reuters GraphicsDouble-digit falls from recent peaks were also predicted for Australia (16.0%), Germany (11.5%) and the U.S. (10.0%). Reuters Graphics Reuters GraphicsAmong the most commonly cited reasons for house prices to remain elevated were crimped supply, made worse during the pandemic, when construction activity came to a near-halt, and ever-rising demand. While India's housing market will remain resilient despite rising interest rates, home prices in Dubai were also predicted to rise steadily.

☆ Global house prices set to extend declines, risk of more with higher rates
▼ + stars: | 2023-03-10 | by ( Hari Kishan | ) www.reuters.com time to read: +3 min

☆ 'Ant-Man and the Wasp in Quantumania' reviews: The villain is good, but the movie is bad
▼ + stars: | 2023-02-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

DisneyAre the pint-sized heroes of Disney's "Ant-Man and the Wasp in Quantumania" enough to take on the newest — and baddest — villain of the Marvel Cinematic Universe? Marvel Studios' "Ant-Man and the Wasp: Quantumania." "Ant-Man and the Wasp in Quantumania" held a 53% "rotten" rating from 148 reviews, as of Wednesday afternoon. "Sometimes the weight of all this responsibility causes 'Ant-Man and the Wasp: Quantumania' ... to buckle at the knees," O'Sullivan wrote. Hope Van Dyne (Evangeline Lilly) and Scott Lang (Paul Rudd) in "Ant-Man and The Wasp in Quantumania."

☆ Davos panel talks about the value of engaging diverse voices
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavos panel talks about the value of engaging diverse voicesTiwale founder Chmba Chilemba and Elio co-founder & CEO Kami Krista talk about the value of taking part in global conversations. President & CEO of GLAAD Sarah Kate Ellis and Publicis Sapient CEO Nigel Vaz also join the discussion.

☆ The Visionaries Network at Davos
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Visionaries Network at DavosCNBC brings together leaders looking to make a difference. This specially curated panel brings together young people from the Nile Rodgers’ We Are Family Foundation and pairs them with current C-Suite executives. Publicis Sapient CEO Nigel Vaz, President & CEO of GLAAD Sarah Kate Ellis, Tiwale founder Chmba Chilemba and Elio co-founder & CEO Kami Krista join the discussion.

Every year since 1990, the media advocacy nonprofit group has honored films, television shows, musicians, journalists and other media figures for fair, accurate and inclusive representations of lesbian, gay, bisexual, transgender and queer people. Of the 10 wide-release film nominees, for example, six featured prominent lesbian, bisexual or other queer women characters, including “Tár,” “Bodies Bodies Bodies” and “Scream,” the group noted in its release. Netflix scored the most nominations of any network, outlet or platform, with a total of 21, followed by ABC with 12 and HBO Max with 10. He Was Dead An Hour Later.”Award winners will be announced during two live ceremonies: in Los Angeles on March 30, and in New York City on May 13. The full list of nominees can be found on GLAAD’s website.

☆ France's Kurds gather to protest after Paris killings
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +2 min

A gunman carried out the killings at a Kurdish cultural centre and nearby cafe on Friday in a busy part of Paris' 10th district. Friday's murders caused particular dismay in the Kurdish community as it prepared to commemorate the 10th anniversary of the killings of three Kurdish women in Paris. "The Kurdish community is afraid. It needs answers, support and consideration," David Andic, a lawyer representing the CDK-F told reporters on Friday. Paris' police chief was due to meet members of the Kurdish community on Saturday morning ahead of the afternoon protest.

Among the nine housing markets surveyed, prices in six were expected to drop next year. Cost of living increases will also reduce demand as some consumers delay home purchases," noted analysts at Fitch Ratings, adding there was "significant uncertainty" around how much house prices would fall. An overwhelming majority of analysts polled by Reuters in the past weeks said house prices need to fall more than they currently expected in order to make them affordable. Already falling sharply, Australia and New Zealand housing prices were likely to fall further next year, by around 16%-18% from their peaks. The last time house prices fell sharply was during the global financial crisis almost 15 years ago, but with most major economies forecast to enter only a shallow recession, a similar crash was unlikely.

☆ Club Q survivors blame 'hateful rhetoric' for Colorado Springs shooting
▼ + stars: | 2022-12-14 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +6 min

Two survivors of the Nov. 19 attack on a gay nightclub in Colorado Springs, Colorado, told members of Congress on Wednesday that they believe the shooting was the result of escalating anti-LGBTQ rhetoric. The committee heard from Michael Anderson and James Slaugh, two survivors of the shooting at Club Q, which left five people dead and 17 others injured after a gunman entered the club and opened fire with a semi-automatic rifle. Hate speech turns into hate action, and actions based on hate almost took my life from me at 25 years old. “The hateful rhetoric we’ve heard from elected leaders is the direct cause of the horrific shooting at Club Q,” he said. They are basic human rights.”The suspect accused of the Club Q shooting has since been charged with 305 criminal counts, including first-degree murder, attempted first-degree murder, first- and second-degree assault and bias-motivated crimes.

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