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Stocks down? Bar offers discounts based on market drops

on 01/08/12 at 10:11 am

Booze News

The Bull and Bear Steakhouse at the Waldorf-Astoria in New York is cutting back the prices of its cocktails in line with stock market drops.

As the Facebook stock continues to end the day in the red, summer bar goers can take advantage of betting against the social network in NYC. The Waldorf-Astoria’s Bull & Bear Steakhouse is now offering cocktail discounts based on the stock’s performance that day.

How does this work? Basically, the worse the stock does, the better for your drink prices. A one to five percent drop in stock means $1 off $5 off your evening drink, cocktails like Strawberry Caipirinhas and the Old “Waldorf” Fashioned. For example: a 1.25 percent drop in stock that day means a $1.25 discount on cocktails. Of course, there’s a catch. To take advantage of the offer, patrons also must show they “Like” the Bull & Bear Facebook page.