Disney sues Florida Gov. Ron DeSantis over loss of special district

Stock value is based solely on what people are willing to pay for the stock. The only reflection it might have on profitability is if the company announces losses and people sell the stock. People selling the stock because they don't like Disney's "woke" agenda are only creating deals for those that can see past that. Disney is going to continue to make loads of money. Those people buying stock now are getting a deal.

 

And I rest my case

Next lol

 

YTD = Year to date.

Jan 1 = $88.90
Now = $102.32

15% increase.

Investors are not as emotional as you. They are interested in making money, so they don't have their heads wrapped around partisan politics,

LOL. Who told you that?

 

How much can be attributed to their fight with De Santos? Disney's stock was declining before the conflict.

 

If Mitch McConnell were runing a major corporation, it would be called Gazprom...

 

Stock holders started bailing out heavy when they found out Disney was going to lose their Reddy Creek exemption.
ANd that includes their new CEO who dumped 90 million of his Disney stock when he saw what was coming.

 

Oh lol, So they even dropped lower than the $100 average.
So they are actually $2 above their average.
I didn't know they took that big of a hit

I didn't claim they were emotional, quite the contrary.
44% of their stock holders made an informed financial decision when they dumped Disney stock, to include its new CEO who dumped 90 million worth totaling over 123 billion in lost value.

 

You just gloss over the parts where they pay their own infrastructure, including roads, police & fire. Also, two county zoning boards get way less bogged down in Disney’s constant state of building up and tearing down. Disney could take up total time at both board meetings every month.

The pluses are both both sides.

 

The Reedy Creek Improvement Act was a law introduced and passed in the U.S. state of Florida in 1967 which established the area surrounding the Walt Disney World Resort as its own governmental authority, granting it the same authority and responsibilities as every county government in Florida.

In 1968, Disney got another the law passed that was Walt Disney's vision of a real planned city within the property called the "Experimental Prototype Community of Tomorrow"

They don't pay property taxes
They don't pay or require any building permits
They can provide "essential" public services, such as firefighters and police.
The RCID can also impose their own taxes and run government services from that revenue.
The law also created two more cities, the municipalities of Lake Buena Vista and Bay Lake which are exclusive to Disney
The law also states the governing body of the RCID, the board of supervisors, is chosen by Disney
The law gives Disney the "power of self-government

Now, provide any other theme park or company that has anything close to this.

 

I don't know, seems like they're doing well right now but supposedly they're stock history is really strong.

 

You think a company who lost 44% of its stock holders and 123 billion in value is doing well?
They are still selling tickets but even their Disney plus is tanking.
Not sure how you consider that doing well

 

What average? I don't think you know much about the stock market.

Again, - who told you they lost 123 billion? The company is worth $175B, and their value is down less than 1% since Florida government targeted them. and by the looks of it they are gaining fast.

He doesn't have the faintest idea what he is talking about. Worse decline in 50 yrs......WTH. Its not even close.

 

Eh, to be fair according to the chart they were close to $360 billion 2 years ago and now it's about half of that so he's kinda right.

But with that said, they're still worth a lot of money even now and they're more than capable of recovering and will by year's end. I've been saying that a megacorporation like this doesn't survive this long for no reason.

https://www.macrotrends.net/stocks/charts/DIS/disney/net-worth

 

Their stock was going down before their conflict with De Santos though.

 

Chips act, infrastructure bill, protected marriage equality, more people insured and employed than ever before.

But sure. Whatever you need to tell yourself

 

What does 2 yrs ago have to do with it, when the FL government attacked Reedy Creek almost exactly 1 yr ago?

 

Thanks for the history lesson. I’m well versed on the topic. I come from a family that grew up adoring Disney. In the 70s, I got to do things at Disney won’t ever allow again, like swimming in the lagoon.

Orlando should have listened to Disney. He told them, back then, to build infrastructure as if it’s 50 years from now. They doubted him, and have been in a constant state of road construction since.

Disney is clean, not polluted and has great roads. Having DeSantis take over will turn their roads into ****. But, some think it’s good for Florida to treat their #1 taxpayer, #1 employer and #1 revenue generator like they are scum, simply because they had the audacity to disagree with a small man whose feelings are easily hurt.

This won’t end well for Ron. Anyone who can’t see that this is a blatant misuse of government, simply has blinders on.

Ron is not playing well on the national stage. We are considered a joke of a state at this point. His career may be over in Jan 2025.

 

I just mentioned it because the chart showed that's when it was at its highest, no other particular reason.

 

Ha ha, Me too. lol We were considered guinea pigs two weeks before they opened to the public. They had all employee and contractors kids riding the rides to break them in (so to speak) My grandfather was a contractor at Disney.
Small world.

It wasn't DeSantis who started this. It was Chapek. Which is why he is gone.

It was Chapek who threatened Florida legislature.

When Florida legislature (Democrats and Republicans) scripted their bill to not allow trans and gay sexuality issues to be taught to 3-5 year olds, a media story broke showing Disney was financially supporting the Florida Senators voting on this bill and blamed Disney for the effect.

Chapek wrote an internal email to all Disney employees explaining their support. But that email found its way to the media and the very next day, Chapek did a 180 and started railing against they very same politicians they were indorsing. In other words, he got egg on his face and thought if he came out as fighting Florida over their bill, he could become the hero.

He then told the Florida legislature if they vote to pass this bill, that Disney would spend what ever it takes to have their bill overturned.
And thats how this who thing started.

This is a woke California corporation telling Florida voters what they can and can't do. And they will cost Florida voters billions if they don't comply with Disney demands.

So DeSantis told Chapek, if Disney wants to stick their nose where it doesn't belong and act like a Florida Business, then they can be a Florida business. Which he came back with pulling their Reddy Creek privileges.

When that story broke, Disney stock started tanking and Iger sold off his 90 million shares because he saw where this was going.
And thats who Iger really is. He only cares about his pocket book so he even sold out. Now he's running the place.

Now Iger steps up to the plate a year later and starts crying about how Disney is being attacked by government.
But its a little too late for that cry.

So its a little more than DeSantis being some kind of corporate bully. Its DeSantis, the Florida House, and Florida Legislature telling Disney, you don't get to tell the voters of Florida what we can and can't do. And if you want to act like a Florida Business, then you be like every other Florida Business.

 

Sorry, not a mind reader. If you have a claim make it.
Did you have something Democrats in Florida are opposed of, show it.

But you won't. Whats the next requirement to get you to provide actual information these days. lol

 

You are fabricating the entire thing.

Do you want woke corporations telling state voters they have to allow the indoctrination of gay and trans sexuality issues to be taught to your 5 year old?

My Ans: Disney did not tell FL Voter anything. Disney told FL legislator that if they pass this bill, Disney will support other politician. In another word politician has the freedom to choose whatever they want but they will not get Disney money.

Or do you want state governments to stop any indoctrinations of 5 year olds in local schools?

My ANS: I trust Local Teacher to indoctrinate ( that’s the job of a teacher ) 5 years old more then Governor who wants to use politics to please primary voter to nominate him for political office.

 

Is the governor telling other Florida businesses that he is looking at building toll roads to target customers to that business? Or special hotel taxes just for that business? Or that they are looking to see about building a prison next to that business?

I don’t think you are going to like what the courts are about to do — that this has cost ron two major donors, has other republicans mocking him and has likely torpedoed his presidential aspirations is delicious irony.

What Disney is about to do to him will be spectacular.

 

FALSE Disney told the Florida legislature to remove the bill (that protects 5 year olds from trans and gay sexuality issues) or they would spend what ever it takes to have their law overturned. I guess you think some theme park gets to tell Florida voters what they will and won't do with their own children. As a matter of fact, even Democrats voted for the bill with over 60% Democrat support in the state.

But I don't expect anyone who thinks this is a Citizens United claim to understand the actual facts.

 

The vast majority of democrats voted against this bill.

Do you want me to provide the list of how they voted?
https://www.flsenate.gov/Session/Bill/2023B/9B/Vote/HouseVote_h00009Bc1015.PDF

Democrats hold 35 seats in the Senate
31 voted against this and several more didn’t vote

What are you even taking about?

 

Cite where 60% of Democrats support targeting Disney for their position on Florida banning gay and trans representation from schools — a law that is now being extended all the way to 12th grade.