Thursday, July 18, 2024

Woke Disney Is the Worst-Performing Stock This Year

Aside from a bad start to the year economically, the media powerhouse has decided to get it's hands dirty and engage in the cultural wars...

(Alex Tien, Headline USA) Of the 30 companies that comprise the Dow Jones Industrial Average, Walt Disney company’s stock is the worst performer this year, Breitbart reported.

The entertainment conglomerate’s stock is down over 21% in 2022 and over 32% in the past year.

Disney’s streaming service has had a rough start to the first quarter, reporting that subscription numbers had fallen short of projections.

Aside from a bad start to the year economically, the media powerhouse has decided to get it’s hands dirty and engage in the cultural wars.

Disney has been making national news over the past month, as it’s decided to go toe-to-toe with Florida Republican Gov. Ron DeSantis over his recently passed education bill that bans teachers from discussing sexual content with children.

Additionally, Disney has doubled down on it’s woke agenda, promising more LGBT content for young children. A recent meeting uncovered that executives at the company are pushing for 50% of characters to be LGBT or in minority groups.

During the meeting, Disney corporate president Karey Burke said that, “as the mother [of] one transgender child and one pansexual child,” she supports having “many, many, many LGBTQIA characters in our stories.”

“By 2022, 50% of regular and recurring characters across Disney General Entertainment scripted content will come from underrepresented groups,” the company stated in its “reimagine tomorrow” promotional materials.

DeSantis has gone on the offensive and has pledged to revoke Disney’s special privileges in the state of Florida. DeSantis has asked the state legislature to terminate Disney’s ability to operate as an “independent special district” within the state of Florida, which they did Thursday.

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