The Disney company is experiencing massive pushback from conservatives due to the company’s pro-LGBTQ sentiments.
QUICK FACTS:
- The Disney company stock is being called the worst-performing Dow Jones stock of the past year, according to Breitbart News.
- Disney Co. has dropped 31% in the last 12 months, making it the biggest stop drop of the year, followed by 3M, down 25%, and Home Depot which was down 23%.
- Investors appear to remain standoffish toward the stock, as well as other streaming services, with Disney stocks dropping more than 5% on Wednesday.
MORE ON THE STOCK DIFFICULTIES:
- Disney isn’t alone entirely alone in its stock drop with Netflix also showing disappointing results in its first quarter, with further disappointments stemming from a drastic drop in their stock prices reported following a negative remark from Tesla CEO Elon Musk.
- However, the stark downturn in Disney+ subscriptions reportedly has Wall Street investors disappointed and further distancing themselves from the tainted stocks.
BACKGROUND:
- Disney has been at the center of controversy since standing up to Florida’s parental notification law that bars schools from talking about sexuality with young children.
- Questions have also arisen about Disney’s future in Florida following a Wednesday move by the Florida Senate to strip the company of its self-governing power.
