How much of that tumble is actually just the stock market, in whole, tumbling vs a response to their woke agenda?
Market in general. People don’t care if there is money to be made.
I was at the park recently; it was no different than any time I’ve been in the past.
Yes.
Had disney been stronger, and not been woke, then some investors would have put money in it because people will want escape when times are bad. Escape during the depression, giving hope and inspiration during the depression, is WHY mickey mouse is popular. They have moved away from this business model. So people are selling because it is not a safe asset.
The question is where is that money going?
The nasdaq hit 7700 at it's lowest during the pandemic and it's at 11000 now. Disney hit 96 at the lowest during the pandemic and it's at 93 now. They are actually fucking up but the company is so large it's hard to tell if it's because of wokeness.
OP isn't comparing it to their lowest pandemic level, they're comparing it to a year ago.
The nasdaq index has lost 22% vs a year ago today. Disney has lost 46%, so quite worse.
However, when you compare Disney to it's competitors like Netflix (down 66%), Roku (down 77%), or fubotv (down 92%!), it suddenly doesn't look as bad. Even compared to other theme parks like six flags (down 52%) it's in a similar but better position. There are a few theme parks with less losses like sea world (down 19%) though.
Overall, it's pretty clear to me this is market driven.
Very good assessment. This is one thing I don't like about these objectively left/right news websites, they will skew data to fit a narrative where the narrative is not the cause of the problem.
All these news media outlets are clickbait farms that pander to their audience and go overboard.
Good info and thank you. I'd have to imagine that there's a noticeable amount of people cutting disney+ subscriptions to save money, not buying toys because they're not available or discretionary spending cuts, and a decent drop in overall attendance in parks.
I'm sure there's a response to their wokeness but soy's will continue to soy.
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