The Walt Disney Company has lost nearly $ 50 billion in stock market value since early March when executives shifted gears and became more involved in a politically accused ideological cultural war against Gov. Ron DeSantis and the Florida leadership.
According to the Washington Examiner, the fall of Disney was $ 46.6 billion as of March 1, which the publication notes as shortly before the beginning of their ongoing conflict against the state of Florida.
The last battle caused Disney to lose its special self-governing status. Tens of billions of dollars have been wiped out of the value of Disney shares since Tuesday alone. Coincidentally, this was the same day that DeSantis announced that the abolition of Disney’s “heritage” was on the session’s agenda.
In addition to the redistribution of Congress, this week’s special session will include ending inherited special districts and removing exceptions to the High Technology Accountability Act. pic.twitter.com/67sF4E113I
– Ron DeSantis (@GovRonDeSantis) April 19, 2022
Now on Friday, DeSantis signed a bill that made it official. Until June 1, 2023, Disney is no longer allowed to conduct its own zoning, laws, police or infrastructure.
“You are a corporation based in Burbank, California, and you will focus your economic power on attacking my state’s parents. We see this as a provocation and we will fight against it,” he said.
The House of Florida voted in favor of the bill with a score of 70-38 and a total of 23-16 in its Senate.
Earlier, former Disney CEO Bob Chapek told employees he would not allow the company to engage in “political football” public relations. But in the end, he apologized for not being a “stronger ally” of the vocal far-left staff.
Disney’s chief executive turned out to be condemning Florida’s parental rights law in education when DeSantis signed it. The company’s promise to work against the state to repeal the anti-grooming law has led to more animosity between the state government and the Walt Disney Company.
Consequences since then include reports that Disney is not dealing with child predators working for the company. The company recently added “problematic” labels to Peter Pan’s 1953 film. But a boycott campaign has since emerged in response to Disney’s subordination to far-left political ideology at the corporate level.
What investigative reporter Christopher Rufo finds is that Disney executives are not just actively bringing more “diversity” to their products, at the workplace level, they have introduced programs that allow employees to facilitate the gender reassignment of their children.
A survey by the Trafalgar Group 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 program. Since then, many parents have flooded Disney hotlines to complain about “their support for sexualizing children in kindergarten.”
People were aware of the change in company policy after it was revealed last year that employees must be trained in critical race theory.
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