A decline of $196.05 BILLION – or a 56% DROP
… In a new corporate disclosure, Disney acknowledges
… “misalignment with public and consumer tastes”
… “which impact … the profitability of any of our businesses”
… “risks related to changes in our business strategy”
… “may continue to affect our cost structure”
… “the profitability of our businesses or the value of our assets”
… Customers have been fleeing Disney+ and Hulu in the wake of nationwide boycotts
… Disney stock had a hit a 9-year low
… from $350.09 billion March 22, 2022
… to $154.04 billion
… a decline of $196.05 billion – or a 56% drop
… “our entertainment offerings and products … do not achieve sufficient consumer acceptance”
… “our efforts to achieve certain of our environmental and social goals”
… “often differ widely”
… “present risks to our reputation and brands”
… lost $1 billion on “recent ‘woke’ movie flops
… empty virtue signaling and endless attempts to indoctrinate children
… publicly declares its opposition to a popular parental rights bill in Florida
… The summer release of the new “Snow White” – which included seven dwarfs replaced with magical creatures of multiple genders – was postponed until March 2025
Corporate disclosure, SEC
