No one wants to be on the losing side of a war, and the Corporations are a true testament. They have sold themselves out to one side, and now they are paying the price for the culture war—case in point both Disney and Netflix. Mainstream Media would have you believe that it’s caused by password sharing or inflation, but looking at the trends of their stock values would say differently.
When Disney decided to take on Florida in its “Parental rights Bill” after backlash from some of their employees, they incurred the wrath of Florida Lawmakers. People quickly became aware of Disney’s plan to “Indoctrinate” their children, s many videos surfaced of producers’ plans to force-feed their agenda to children. Parents rapidly found out and have started canceling subscriptions, annual passes, and even vacations. They have also learned that picking a fight with Florida Republicans does not bode well, as they have voted to end the Self Governing status of Disney.
Disney was not the only one who met this level of failure, as Netflix has had a staggering 37% loss in stock value. They have been quick to claim it’s due to password sharing, but this excuse runs dry as they have been preaching this for years but had record growth during the Pandemic. In addition, parents are becoming more involved in what their children are watching, and things that were getting by them are no longer, and some of the shows on Netflix are being reported to have a message that they do not want their children to be a part of a young age.
These are not the only two and won’t be the last of the corporations to take hits. Polls show that Americans do not want this indoctrination of their children. They want their kids to grow up being kids. When companies feel they have more power over children than the parents, they learn what little power they have. Parents are fighting back in this culture war, causing massive losses to stock prices. [Source Fox Business]
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
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