Disney is poised to rank among the worst-performing stocks in 2022 after the company became embroiled in a high-profile political controversy.
The stock reached an all-time high in March 2021, trading at nearly $200 per share. But it has been in free fall ever since. As the market closed Thursday, the stock was hovering near $120 per share – down roughly 33% from a year ago.
The company has been in the spotlight in recent weeks after it publicly opposed a bill Republican Florida Gov. Ron DeSantis signed that prohibits classroom instruction on "sexual orientation" and "gender identity" with children in third grade or younger "or in a manner that is not age-appropriate or developmentally appropriate for students in accordance with state standards.
The Florida House of Representatives passed a bill Thursday that would dissolve Walt Disney’s special governing power in the state, a move that could have huge tax implications for Disney, one of the state’s largest private employers with more than 60,000 workers. The bill now heads to DeSantis’ desk.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
DeSantis moves to strip Disney carve-out from Florida anti-Big Tech lawRepublican Gov. Ron DeSantis of Florida announced Tuesday that his party intends to end a special carve-out for Disney in a recently passed anti-censorship social media law.
Leer más »
Years of fruitful relations between Disney, Florida at riskThe idea was presented to Florida lawmakers in a movie house outside Orlando 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow.
Leer más »
Florida Senate Passes Bill to End Disney Self-GovernmentThe Florida Senate has passed a bill to repeal a law allowing Walt Disney World to operate a private government over its properties in the state
Leer más »
Florida Senate passes bill to end Disney self-governmentThe Florida Senate has passed a bill to repeal a law allowing Walt Disney World to operate a private government over its properties in the state.
Leer más »
Florida Senate passes bill to end Disney self-governmentThe proposal could have huge tax implications for Disney, whose series of theme parks have over the decades transformed Orlando into one of the world's most popular tourist destinations.
Leer más »
Florida Legislature votes to strip Disney self-governmentTALLAHASSEE, Fla. (AP) — The Florida House of Representatives on Thursday gave final passage to a bill that would dissolve Walt Disney World's private government, handing Republican Gov. Ron DeSantis a victory in his feud with the entertainment giant over its opposition to a measure that critics have dubbed the “ Don’t Say Gay ” law.
Leer más »