The Walt Disney Co. has lost nearly $63 billion in market capitalization since it went on the attack against Florida’s parents and children in March.
“Shares of Disney have plummeted 23.5 percent since the start of March, falling from $145.70. Market cap is down $62.6 billion, from $265.3 to $202.7 billion,” Breitbart News reported.
For the past 12 months, Disney has seen its stock drop more than 30 percent, making it the worst performing stock on the Dow Jones Industrial Average.
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.
The trouble began in early March when Disney CEO Bob Chapek caved to a group of LGBTQ employees, abandoning the company’s neutral position on the Florida legislation.
NEW: Disney CEO Bob Chapek grovels, apologizes, and pledges to "be a better ally for the LGBTQ+ community." He delegated the company's moral authority to the "LGBTQIA+ Advisory Council" and now those internal activists have taken him as an ideological hostage. pic.twitter.com/efOSOmb47a
— Christopher F. Rufo ⚔️ (@realchrisrufo) April 7, 2022
Of course, in March, Disney attacked the state of Florida for passing its Parental Rights in Education law that prevents the state’s school children under ten years of age from being exposed to the radical LGBTQ agenda and inappropriate, left-wing gender politics.Commentary Disney Economy Education Florida Kids