Disney is probably wishing they sat this one out.
According to a report from Breitbart News, Disney has taken a financial beating since challenging Florida Governor Ron DeSantis over his Parental Rights in Education bill. The House of Mouse has lost more than $63 billion dollars.
“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 reports. Disney is currently one of the worst performing stocks in the Dow Jones Industrial Average.
“Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that,” the company said in a statement back in March.
Florida lawmakers didn’t appreciate Disney’s flex on the Sunshine State’s parents —DeSantis signed a bill to remove Disney’s special tax and self-governing privileges that it has enjoyed for more than 50 years.