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Politico ran a story yesterday under the goofy headline, “The Disney-DeSantis détente is here.” Haha! By “détante,” Politico meant “DeSantis beat Disney like a drum.” And by “is here,” Politico mean it is a fait accomplí.
As a reminder, the trouble began in 2021, when Disney officially supported pushing pornography in Florida’s classrooms. The entertainment giant also insisted that elementary-school kids should be taught about alternative sexual lifestyles. Florida’s legislature disagreed with all the mega-corporate activism, and responded censoriously by stripping Disney’s special tax status, taking away its own home-ruled company county, and setting up a Governor-appointed board to supervise the whole mess. ...
Most corporate media described Disney’s spanking as a tie. But for a change, the Wall Street Journal played the story straight:
That’s better. DeSantis—100; Disney—0.
Riders at Disneyland and Disney World have been defecating while standing in line, according to witnesses who reported the grotesque sight on social media.
“I am in the queue for [Rise of the Resistance at Disney World] – someone let their kid take a dump on the floor and then they just walked out and left it- WTF?” wrote one poster on Reddit.
So you have a real return of NEGATIVE 40% if you bought Disney stock in February 2015 and still own the same amount of shares today :-(
AD says
So you have a real return of NEGATIVE 40% if you bought Disney stock in February 2015 and still own the same amount of shares today :-(
Do not forget to include dividends. Still bad, though.
I wonder if streaming on +50 inch TV's at home is keeping people from going to the theaters even for blockbuster movies.
That is why Disney is not seeing big box office gains as most people will just wait until it is available on Disney+, Netflix, or Amazon Prime.
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https://finance.yahoo.com/news/disney-stock-plummets-after-earnings-miss-174514502.html