The Walt Disney Corporation’s desire to go fully woke has certainly paid dividends, especially for the thousands of people who dropped Disney stock. According to the Washington Examiner, Disney stock is the worst performing stock in 2022.
To quote George Costanza, “I think it moved.”
The old adage seems to remain just as true as it was on the first day it was uttered. Maybe it’s been a series of crazy coincidences, or perhaps Americans don’t appreciate when corporations decide to dive headfirst into political controversy. Your guess is as good as mine.
What is certain, however, according to the Washington Examiner, is that Disney has reportedly lost nearly $50B since deciding to enter the political fray surrounding Florida’s “Parental Rights in Education” bill.
Disney lost fifty billion – with a “b” – this year alone. Fifty. Billion. Dollars.
And while the present financial woes for Disney are enough to make any conservative giggle (at least a little bit), the economic future of the business isn’t looking too bright, either. Yesterday, Governor Ron DeSantis signed a bill to void Disney’s special district which previously shielded the company from approximately $200M in taxes annually. (H/T – MelP)
All Disney had to do was continue their wholesome image, fun and interesting characters, and not move toward politics. If they kept doing what was successful for them for decades, they would still be thriving.
Now, most people don’t want to bring their kids to an overpriced park which looks to groom kids and celebrate transgenderism. Just treat everyone the same, stop putting out dictates against those who disagree with them, and rake in the money.
Disney had its chance, and since I see no way they will stop their leftist political ideology, I will lie back and giggle as they force themselves into bankruptcy.