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-Great Cultural Revolution
Disney Lost $63 Billion in Market Capitalization Since Going Full Woke in Florida
2022-05-05
[BREITBART] The Walt Disney Co. has lost nearly $63 billion in market capitalization since it decided in March to embrace radical LGBTQ activism and declare war on Florida by opposing the state’s Parental Rights in Education law.

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.

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.
Posted by:Fred

#5  The message seems to be get woke and go broke.
Posted by: JohnQC   2022-05-05 13:56  

#4  Remember the old Disney movies? Sleeping Beauty, Dumbo, Old Yeller, the Love Bug, Flubber, Pollyanna. They were just family friendly entertainment and Disney built an empire with them. Then Walt Disney died and the board of directors sold out to China. They bought Marvel and George Stephanopoulos. They bought Star Wars because they could never produce anything like it. They produced Frozen. We are watching that empire decay. Good riddance.
Posted by: Abu Uluque   2022-05-05 11:45  

#3  
Businesses need to follow a very operational simple rule.

Provide a service and/or product equally, and stay the hell out and away from Social / Racial Politics. Because statistically, it will always piss-off over 50% of your customers.

So until the Disney Gates are locked, and its investors are in US Bankruptcy court, they have not lost enough.
Posted by: NN2N1   2022-05-05 08:16  

#2  Once upon a time (see what I did there) breaking into the creative ranks was difficult. You had to have talent, get breaks and work hard. As the talent contingent leaned certain ways politically and sexually, they decided that they were in the driver seat, and the C-suite people let themselves be convinced that was so.

Maybe there would be no pretty entertainments without legions of ghey people. Will we find out whether that is so? Maybe, if they insist on poisoning the table at which they dine.
Posted by: M. Murcek   2022-05-05 06:58  

#1  ...In any other situation, and with any other company, some folks in the E-suite would be looking for new opportunities. If you think about it, however, Disney is kinda stuck - to do the things they need to do to recover would be to admit error, and The Mouse is never wrong.

Mike
Posted by: Mike Kozlowski   2022-05-05 06:16  

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