Disney shareholders suffer the high cost of wokeness

Newsbusters reports:

The stock value of the Walt Disney Company took an icy dive after parents and conservative leaders exposed the company for feeding woke values to children.

CNBC reporter Carl Quintanilla broke the news on Twitter April 20: “Disney is now the worst performing Dow stock over the past year — down 31.5%.” A CNN Business headline, “No Magic for Disney investors,” cited fierce competition for subscribers and even inflation as possible causes for the stock drop.

But Manhattan Institute senior fellow Christopher Rufoconcluded that Disney was actually suffering from a self-inflicted blow. “Disney has lost more than $20 billion in shareholder value” after the release of videos exposing the company’s woke ideology. 

… 

This comes in the wake of a business decision to push the woke trans and queer agenda.  The Parent’s rebellion against this agenda will be costly for companies.  It is the same rebellion against school systems that are trying to indoctrinate kids with that agenda.  The school boards are losing elections and Disney is losing business.  They are finding out that the parents make the decision on whether kids will go to the movies or the theme parks,  Most of them clearly do not like what the woke are selling.

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