The Florida state Senate just passed a bill to strip the Walt Disney Co. of its “Special Self-Governing” status. The bill moves to the House, where it is expected to pass, and then to Gov. Ron DeSantis for signature. The bill could become law as early as June 1, 2022.
The revocation will cost Disney multiple millions of dollars. In related news, Disney’s stock tanked on Wednesday. CNBC’s Jim Cramer is recommending a “buy” for Disney, so that’s a solid “sell” signal. The company’s stock price has been augering in, since Disney decided it was a smart move to actively oppose a Florida law that barred teachers from indoctrinating 5-year-olds.
Mickey got his neck snapped today. He’s not gonna die — he’s a cartoon character — but it is gonna leave a mark. Ohhhh, Boy!
Join the conversation as a VIP Member