Woke Disney lost $123 BILLION in market value in 2022, experiencing their worst year since 1974.
"The Walt Disney Co. saw $123 billion of its market value evaporate in 2022 as its stock dropped 44 percent amid profitability concerns, CEO musical chairs, and a suicidal embrace of woke identity politics," reports Breitbart.
Not even Disney's newest release, Avatar: The Way of Water, could improve the outlook as investors are now bracing for what will likely be a turbulent several months.
"Disney’s abysmal 2022 represents its worst year since 1974 when the company’s stock dropped 54 percent, according to Dow Jones Market Data. For 2022, Disney’s stock was the second-worst performing among the 30 companies that comprise the Dow Jones Industrial Average, after Salesforce.com, whose stock fell 48 percent," reports Breitbart.
Disney repeatedly experienced bad news in 2022.
"The company reported surprisingly weak profitability for its most recent quarter, sending its stock in a downward spiral while prompting the abrupt firing of CEO Bob Chapek and the return of former CEO Bob Iger," reported Breitbart.
Additionally, Disney picked a fight with Republican Florida Gov. Ron DeSantis over the state’s anti-grooming Parental Rights in Education Law. The result was that Walt Disney World lost its lucrative self-governing status in the Orlando area, which was freedom the company had enjoyed for decades.
Disney has embraced radical LGBTQ activism and incorporated transgender ideology into its entertainment for children.
🤣🤣🤣
Disney Not Gay Enough for GLAAD, Receives ‘Insufficient‘ Mark in Annual LGBTQ Inclusivity Report Card – Breitbart News @BreitbartNews https://t.co/Gb7yyj1ccZ
— Dystopia America (@DystopiaAmerica) December 16, 2022
What do you think about woke Disney losing their shirt?
Share your thoughts below in the comments section.
Source: Breitbart
