Disney’s active opposition to Florida’s Parental Rights in Education law resulted in the company’s stock pricing falling and a reduction in its market cap.
The stock’s decline will mostly impact the retirement savings of the working class, said Stephen Soukup, author of the book “The Dictatorship of Woke Capital: How Political Correctness Captured Big Business.”
Disney has engaged in a battle with the state of Florida over the Parental Rights in Education bill, which the company opposes. The measure, passed by Florida’s Legislature and signed into law by Gov. Ron DeSantis, prohibits the teaching of sexual orientation and gender identity to children in kindergarten through third grade, as well as instruction that isn’t age-appropriate.
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