Disney Stock Plummets More than 30 Percent – Worst Performing Dow Jones Stock of the Past Year

OPINION | This article contains the author's opinion.

It appears Disney is spending too much time pushing its left-wing “woke” agenda on kids and not enough time on actually improving and building the company.

The company openly admits that they are “adding queerness” to children’s programming, according to a leaked video of executive producer Latoya Raveneau. Disney Corporate President Karey Burke also announced plans to add “many, many, many LGBTQ characters” to its shows and movies. The company said 50% of its characters will either be minorities or LGBTQ by the end of the year.

If the stock is any indicator, many people are not confident in the company’s future. The Walt Disney Co. is the worst-performing stock in the Dow Jones Industrial Average for the past year.

The stock plummeted 31 percent in the last 12 months. Disney has seen its stock drop the most on a percentage basis compared to the other 30 companies that comprise the Dow. Take a look:

Making matters even worse, Disney has stood in public opposition to Florida’s anti-grooming bill that prevents teachers in third grade and younger from instructing kids on sex and gender identity without parental involvement. This impacts kids who are about eight years old and younger. This indicates that Disney believes children should learn about sex and gender identity without parental involvement. The majority of Americans living in Florida disagree with Disney’s radical stance. The anti-grooming bill passed through Florida’s legislature and it was signed into law.

U.S. Rep. Matt Gaetz says it’s time to end Disney’s $600 million tax cheat loophole. Walt Disney Corporation benefits from a Florida tax code loophole that has allowed Disney to potentially skirt around hundreds of millions of dollars in state corporate income taxes.

Gaetz, who is a former Florida House chairman of Finance and Tax, say that Florida should join the majority of states in adopting combined reporting of state corporate income taxes.

“This allows Florida to fully realize Disney’s corporate income taxes from as a proportion of their overall, or ‘combined’ reported income,” Gaetz explains.

“The nonpartisan Florida Revenue Estimating Conference says that this measure would have a recurring impact of $591.7 million on Florida’s budget. That’s $591.7 million that Florida Man and Florida Woman have to shoulder because Disney has fancy lawyers, lobbyists and accountants,” he continues.

“If Mickey’s ears are purchased in Orlando, that revenue shouldn’t find itself taxable in Delaware through nifty accounting and outdated laws,” Gaetz said.

“Combined reporting is hardly a tool of liberals. Even Texas made the obvious change to protect the pocketbooks of its own citizens,” he added.

More on this story via Breitbart:

Disney shares were down more than 5 percent Wednesday as investors remained skittish on streaming entertainment companies following Netflix’s disastrous first quarter results. Disney+ subscription results recently disappointed Wall Street when the company reported quarterly results in November, causing the stock to tumble.

The Mouse House also faces difficulties in Florida, where the state senate voted on Wednesday to pass a measure that would deprive Disney World in Orlando of its self-governing status.

The bill now moves to the Florida House, which is expected to pass it and send it to the desk of Gov. Ron DeSantis (R), who has publicly pushed the legislature to pass the bill.

Disney’s free fall comes as the company has embraced woke, far-left politics, specifically the exposure of young children to radical LGBTQ ideology. In so doing, the entertainment giant has alienated millions of customers and picked a fight with Florida GOP leaders.

Recently leaked internal videos show Disney executives and creative leaders openly advocating for promoting a gay and transgender agenda in the company’s entertainment for young children. The leaks came shortly after Disney declared war on Florida’s Parental Rights in Education law, which bans the teaching of sexual and gender ideology to children in kindergarten through third grade.