Disney Loses $123 Billion in Market Value in 2022 as Shares Drop 44 Percent — Worst Year Since 1974
In 2022, $123 billion of Walt Disney Co.’s market value was lost. The stock fell 44 percent due to profitability concerns, CEO musical chairs and a suicidal embrace woke identity politics.
Not even The Way of Water: Avatar could lift the studio’s financial outlook as investors brace for what looks to be a turbulent several months ahead.
20th Century Studios.
Disney’s abysmal 2022 represents its worst year since 1974 when the company’s stock dropped 54 percent, according to Dow Jones Market Data. For 2022, Disney’s stock was the second-worst performing among the 30 companies that comprise the Dow Jones Industrial Average, after Salesforce.com, whose stock fell 48 percent.
Disney has experienced a non-stop parade of bad news in 2022.
The company reported surprisingly weak profitability Its stock plunged in the most recent quarter and prompted an abrupt rebound firing Bob Chapek as CEO and Bob Iger as former CEO.
Disney also chose an ill-advised fight Florida Gov. Ron DeSantis (R) over the state’s anti-grooming Parental Rights in Education Law. As a result, Walt Disney World lost its lucrative self-governing status in the Orlando area — a privilege the company has enjoyed for decades.
Joe Raedle and Chris Jackson/Getty images
The company has increasingly embraced radical LGBTQ activism It has been incorporated transgender ideology into its entertainment for children.
Disney Not Gay Enough for GLAAD, Receives ‘Insufficient‘ Mark in Annual LGBTQ Inclusivity Report Card – Breitbart News @BreitbartNews https://t.co/Gb7yyj1ccZ
— Dystopia America (@DystopiaAmerica) December 16, 2022
As Breitbart News reportedIt was a terrible year overall for Hollywood. The market value of major Hollywood studios and streamers, as well as cable providers, was $542 billion. Left-wing Disney is the beneficiary. Netflix, and Comcast accounting were responsible for the majority of the bloodshed.
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