Disney is a company is turmoil. The entertainment powerhouse recently canned its top executive (previously groomed for the job) in favor of bringing back his mentor and predecessoras a caretaker; that’s never a good sign. Why? Its revenues have taken a hit, its spat with Florida over Ron DeSantis’s mislabeled “don’t say gay” bill incurred the wrath of its long-standing host state, and its wokeness agenda has angered many former patrons and supporters.
Disney stock is consequently back to its early pandemic-level low point, and Disney stock was down nearly 18% over the past five years as of Friday afternoon:
And yet the Media is treating Disney’s stock woes differently than the turbulance experienced by Elon Musk’s Tesla.
Drudge declared it in “fire sale” territory today. The Leftists at Rolling Stone gleefully cited Twitter journalist suspensions to explain the plunge.
In reality? Tesla stock is about $60 more expensive than Disney stock and at least one prominent analyst maintains its undervalued…
Why isn’t Disney’s stock price crisis treated differently?
Might it have something to do with Disney being woke and Elon’s new media empire being decidedly not woke?
Everything in 2022 – even financial “news” coverage – is tainted by the Media’s far-Left activism. Never forget it.
