The Walt Disney Company continues its terrible Wall Street run. The House of Mouse’s stock price is down 30% over the last six months and fell below $100 for the first time in more than two years on Friday; a brutal beating since the company prioritized many woke initiative’s and stepped into the political sphere.
From Breitbart News…
For the year, Disney shares are down a whopping 37 percent, making it the worst performer on the Dow Jones Industrial Average during the past 12 months.
The last time Disney stock closed below $100 was in April 2020.
Disney is still reeling from its war with Florida Gov. Ron DeSantis (R) over the state’s Parental Rights in Education law, which bars the teaching of sexuality and gender ideology — including transgenderism — to children in kindergarten through third grade.
CEO Bob Chapek caved to a small group of woke employees and committed the company to radical LGBTQ activism. He said Disney would continue to work to get the Florida law repealed.
In response, Florida stripped Walt Disney World in Orlando of its self-governing privileges, potentially exposing the company to onerous new taxes and regulations.
Disney recently fired its head of programming Peter Rice —a major shakeup for the Magic Kingdom. Investors are hoping it makes a difference, and the stock begins to rebound.