The Florida state Senate just passed a bill to strip the Walt Disney Co. of its “Special Self-Governing” status. The bill now goes to the House for consideration, which is likely to make it to the Governor. Ron DeSantis is required to sign. This bill may become law by June 1, 2022.
Disney could lose multiple millions of dollars as a result. In related news, Disney’s stock tanked on Wednesday. CNBC’s Jim Cramer is recommending a “buy” for Disney, so that’s a sold “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.
Today, Mickey had his neck snapped. He’s not gonna die — he’s a cartoon character — but it is gonna leave a mark. Ohhhh, Boy!
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