See The Facts: Disney Stock Takes MASSIVE Hit Since CEO Launched DeSantis Feud (Video)

Written By BlabberBuzz | Thursday, 25 May 2023 22:45
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See The Facts: Disney Stock Takes MASSIVE Hit Since CEO Launched DeSantis Feud (Video)

Former Disney CEO Bob Chapek's criticism of Florida Governor Ron DeSantis for supporting the Parental Rights in Education bill has sparked a feud that continues today.

Chapek's comments accused DeSantis of promoting legislation that would "unfairly target gay, lesbian, nonbinary, and transgender kids and families." Since then, Disney's stock price has plummeted by 33.1% in just over 14 months. Disney shares opened at $89.44 and continued to fall on Wednesday ahead of DeSantis's formal entry into the 2024 presidential campaign.

In addition to the stock decline, Disney announced on Wednesday that it would lay off over 2,500 employees to save money. Meanwhile, Governor DeSantis was reelected in November 2022 by a margin of 19.4 percentage points.

The feud between Chapek and DeSantis has garnered attention from both sides of the political spectrum. Nina Turner, a left activist and failed congressional candidate backed by Bernie Sanders, criticized DeSantis by saying, "Ron DeSantis couldn't beat Donald Duck, how the hell does he think he's going to fare against Donald Trump?"

Meanwhile, Kari Lake, a failed gubernatorial candidate backed by former President Donald Trump, attacked DeSantis by saying, "You know, if you can't beat Donald Duck, how are you gonna beat Donald Trump?"