The Five Dumbest Things on Wall Street This Week

 

Chaser
This ice water's for you

1. Water World

Anheuser-Busch (BUD) just got bounced from its own rockin' party.

This week the maker of Budweiser and Bud Light ended a popular tavern promotion after some participants inexplicably kept choosing the wrong drink. The game, Bud Pong, encouraged bar-hoppers to play table tennis while drinking water.

The St. Louis-based brewer says it devised Bud Pong "to create an interactive experience for contemporary adults at bars and clubs, where adults must be 21 and older to participate." That sounds like a winning formula, as countless adults use bars as an excuse to interact under the influence of water.

But even the best-laid plans of well-hydrated companies can end in big hangovers. Anheuser, which previously has pledged to keep beer fun and social, awoke to that unpleasant reality Tuesday.

"It has come to our attention that despite our explicit guidelines, there may have been instances where this promotion was not carried out in the manner it was intended," chief flack Francine I. Katz said in a press release. "As a company that has invested more than $500 million to promote responsible consumption among adults and to discourage abuse, we believe it is important that our intentions with Bud Pong not be misperceived."

Don't worry, it's all water under the bridge to us.

Dumb-o-Meter score: 95. "Abusive drinking by college students has caused the nation to examine ways we can avoid these kinds of senseless tragedies," Anheuser-Busch says on an informative Web site, beeresponsible.com, which despite its title fails to name any responsible bees.

To view Colin Barr's humorous video take on the sport of beer pong, click here.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,890.46 1,351.95 2,927.23 20.47
Oil *
118.75
UP
6.51
UP
1.99
UP
11.37
UP
0.72
10 Yr
2.05%
SPDR Gold
168.02
+0.05%
+0.15%
+0.39%
+3.65%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet