Use code TPM for up to 66% off at MyPillow.com

ADVERTISEMENT

Disney LOSES nearly $50 billion in stock value since waging war against Florida's anti-grooming law

Disney's stock pummeling happened as DeSantis revoked Disney World's special self-governing status.

ADVERTISEMENT
Image
Nick Monroe Cleveland Ohio
ADVERTISEMENT
ADVERTISEMENT

The Walt Disney Company has lost nearly $50 billion dollars in stock market value since the start of March, when executives shifted gears and became more actively involved in politically-charged ideological culture warfare against Gov. Ron DeSantis and Florida leadership.

According to the Washington Examiner, the downfall of Disney has been $46.6 billion USD since March 1, which the outlet marks as shortly before the start of their ongoing conflict against the state of Florida.

The latest battle has Disney losing their special self-governing status. Tens of billions of dollars were wiped out of Disney's stock value since Tuesday, alone. Coincidentally, that was the same day DeSantis announced that eliminating Disney's "legacy special district" status was on the session agenda.

Now on Friday, DeSantis signed a bill that made it official. By June 1, 2023, Disney is no longer allowed to do their own zoning, laws, policing, or infrastructure.

"You're a corporation based in Burbank, California, and you're gonna marshal your economic might to attack the parents of my state. We view that as a provocation, and we're going to fight back against that," he commented.

The Florida House voted in favor of the bill with a 70-38 result, and a 23-16 total in their Senate.

The once-defiant Disney CEO Bob Chapek previously told employees he wouldn't allow the company to engage in "political football" public relations. But he ended up apologizing for not being "a stronger ally" for the vocal far-left staff.

Disney's CEO found himself condemning Florida's Parental Rights in Education law when DeSantis signed it. The company's promise to work against the state to get the anti-grooming law repealed led to a larger feud between the state government and Walt Disney Company.

The fallout since then has included reports of Disney being lax on dealing with child predators working for the company. The company recently added "problematic" labels to the 1953 Peter Pan film. But a boycott campaign has since come about in response to Disney's submission to far-left political ideology at a corporate level.

What investigative reporter Christopher Rufo discovered was that Disney executives are not just actively inserting more "diversity" into their products, on a workplace level, they've introduced programs that allow for employees to facilitate the gender transitioning of their children.

A Trafalgar Group poll from earlier this month found that 68 percent of Americans are less likely to do business with Disney in the future, given the company's sexualization agenda. Many parents have since flooded Disney's phone lines to complain about "their support for sexualizing kids in kindergarten."

People were aware of the company's change in politics after it was revealed last year that employees had to undergo critical race theory seminar training.

ADVERTISEMENT
ADVERTISEMENT
N/A by N/A is licensed under N/A

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me in September

We will use this to send you a single email in September 2020. To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2022 The Post Millennial, Privacy Policy