Posted on 04/21/2022 4:54:30 PM PDT by Morgana
The Walt Disney Co. is the worst performing stock in the Dow Jones Industrial Average for the past year, plummeting 31 percent in the last 12 months.
Of the 30 companies that comprise the Dow, Disney has seen its stock drop the most on a percentage basis, followed by 3M, which is down 25 percent, and Home Depot, down 23 percent.
Disney shares were down more than 5 percent Wednesday as investors remained skittish on streaming entertainment companies following Netflix’s disastrous first quarter results. Disney+ subscription results recently disappointed Wall Street when the company reported quarterly results in November, causing the stock to tumble.
The Mouse House also faces difficulties in Florida, where the state senate voted on Wednesday to pass a measure that would deprive Disney World in Orlando of its self-governing status.
The bill now moves to the Florida House, which is expected to pass it and send it to the desk of Gov. Ron DeSantis (R), who has publicly pushed the legislature to pass the bill.
Disney’s free fall comes as the company has embraced woke, far-left politics, specifically the exposure of young children to radical LGBTQ ideology. In so doing, the entertainment giant has alienated millions of customers and picked a fight with Florida GOP leaders.
(Excerpt) Read more at breitbart.com ...
I freakin’ love the lesson that DeSantis has taught the House of Mouse: “You don’t run the world.”
So glad to see them get their richly deserved comeuppance. And I say that as a longtime DIS shareholder.
Netflix is down 63.7% this year:
https://www.google.com/search?channel=cus5&client=firefox-b-1-d&q=netflix+stock
Die mouse die!
Some of the legal tactics of Disney through the years is down right disturbing but for authors the Disney claim that they only bought the rights but not the obligation to pay royalties is down right scary.
It means that if your publisher goes out of business someone else can buy the rights to your work and not pay you a dime.
“ I freakin’ love the lesson that DeSantis has taught the House of Mouse: “You don’t run the world.””
That’s a company full of sicko rats that want to exploit kids 🤪
Needs to drop more.
Now that gas prices are through the roof you can bet nobody will be going.
Get woke go broke...any CEO who gets in politics should be fired by the shareholders....we were there one time and a family was talking to someone who said they had been saving for five years to go there..Six dollars gas will not help...
Has Mickey mouse gone crazy? Not sure but seems likey he is f#@king Goofy
Sell! Sell! Sell!
Or, short, short, short!
Disney has done so much to bend over backwards to prove that they are liberal.
They forget that many customers, particularly being a company with products geared to families with children, are not on board with all this liberal stuff.
They want to prove that they are liberal, and their customer base doesn’t want them to be liberal. I think the people running Disney don’t know what hit them. An achilles heel of liberals, is that they don’t understand how the rest of the world looks at issues and situations.
Another achilles heel is that they perceive anyone who is not liberal, as racist/sexist/homophobic, etc. They feel so damn intellectually superior, that they don’t even deign to try to understand where other people are coming from with differing views.
It’s worse than that.
The new CEO caved to the whiny gay employees. By trying to appease the woke gays in the company, and there are a lot of them, he threw Disney off a cliff.
The inmates are running the asylum.
The left is always talking about companies not paying taxes and so on, well let them out their money were their mouth is!
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