Disney's Market Freefall

PJ Media ^ | 4 May 2022 | Chris Queen

[Rummyfan]

There’s a saying, and I don’t know who coined it, but it goes something like, “Go woke; go broke.” I do know that former president Donald Trump said that “everything woke turns to s**t.”

One company that’s learning this lesson the hard way — even though nobody there will admit it publicly — is Disney. David Ng at Breitbart is reporting that The Walt Disney Company has lost a whopping $63 billion in market capitalization over the past two months.

“Shares of Disney have plummeted 23.5 percent since the start of March, falling from $145.70,” Ng writes. “Market cap is down $62.6 billion, from $265.3 to $202.7 billion.”

(For the uninitiated, Investopedia defines market capitalization as “the total dollar market value of a company’s outstanding shares of stock. Commonly referred to as ‘market cap,’ it’s calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share.”)

I don’t know about you, but it’s hard to wrap my head around losing that kind of money. I freak out if I lose a $20 bill, so losing tens of billions because I took a political position that appeases a percentage of my workforce and a smaller percentage of the world at large at the expense of everybody else would be disastrous. That amount of money may be chump change to Disney, but it’s still nearly a quarter of its market cap.

[Hammerhead]

There are Amazon alternatives. For examplethrivemarket.com is one

[TChad]

That’s just what I was thinking should happen.

[USAF1985]

Don’t forget…must rehire Gina Carano at twice her salary.

[farming pharmer]

As a young person I just loved the Walt Disney show on TV. I 've taken my kids to the LA park when they were young, and we had wonderful times.

As a kid in the 70's my family and I watched Disney every Sunday night. We really looked forward to it.

For the past 20 or 30 years, they've really been on an anti white male, pro gay bender. I noticed it in the 90's when my children were young.

Screw them.

[farming pharmer]

Most businesses (like humans) have a life span.

Really? My bottle of Weihenstephaner says that they've been going since 1040. German brewers must be immortal!

[jdsteel]

That’s what happens when you act goofy.

[NorthernTraveler]

The Disney exec’s probably own chucks of stock and most certainly have stock option’s as part of their compensation packages.

So it IS sticking it to the execs.

[Codeflier]

That’s just because they don’t want them pregnant and missing a ton of work, and potentially claiming family leave time.

[dynachrome]

Too bad I don’t have my mouse ears anymore, so I could wizz on them.

[Godebert]

Don’t feed the Beast. Ditch Facebook.

[joe fonebone]

I report the Disney ads as sexually inappropriate

[Mr. Blond]

You remember Disney when it was owned by the Disney family.

[nesnah]

I love their portrayal of Mickey Mouse.

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“I got ton-tons coming out my ass...haha.”