Disney’s stock has become the worst performing stock of the year on the Dow Jones Industrial Average, falling 31 percent in value in the last 12 months.
The Dow is reporting that Disney is the worst stock on its top list.
— Carl Quintanilla (@carlquintanilla) April 20, 2022
Per Breitbart News:
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.
Disney is facing other pressures too, of course.
A lot of its business is cruises and theme parks, and both those areas have experienced heavy losses due to years of pandemic hysteria.
It may be a bit too early to determine for sure of Disney’s wokeness is causing a loss of business. But it certainly can’t help.Commentary Disney media bias