Go Woke, Go BROKE: Disney Takes MAJOR Financial Hit

Actions have consequences and one domino always causes another to fall.

Disney has reportedly taken a major hit due to a recent announcement from South Carolina State Treasurer Curtis Loftis pulling roughly $105 million in taxpayer funding from Disney.

South Carolina will dump all of its Disney debt instruments and no longer consider the company for investment in South Carolina’s portfolio.

While $105 million represents a rather small sum for a corporate giant like Disney, it is the threat of this development echoing out that could spell disaster for the company.

Today it is Curtis Loftis of South Carolina telling the company that South Carolina will no longer invest in the company, who will be next?

It’s no secret that the entertainment giant has been in financial trouble for some time and is now facing renewed calls to boycott the company from concerned parents. How long can Disney afford to stay woke? Here’s more on the story:

State of South Carolina Divests From Woke Disney Due to ‘Cultural Rot’ via @gatewaypundit https://t.co/AmvzUoXxT2

— The Gateway Pundit (@gatewaypundit) December 27, 2023

MERRY Christmas Patriots!🎄🎁⛪️✝️🙏

"Tremendous loss to America': South Carolina is dumping $105M of Disney investments, blaming 'structural rot' in the company."

Go woke, go broke. see 'ya bye Disney.https://t.co/vBHHEipnds

— Mustang '72-'92⚓️USN (ret.) (@Paul_at_PSG) December 25, 2023

South Carolina is dumping $105M of Disney investments, blaming 'structural rot' in the company — Treasurer warns the sane people are now gone. Time to sell DIS?https://t.co/TFAaxAqknt pic.twitter.com/cQIK4AKain

— RealPro (@RealPro4Real) December 26, 2023

Fox Business provided this statement from Loftis:

“I think it’s clear to anybody paying attention that there’s a structural rot inside of Disney.

It’s deep, it’s pervasive, and I suspect Bob Iger, since his return is the CEO, now realizes it can’t be fixed… it does not bode well for the future of Disney.”

Below is a snapshot of Disney’s current stock performance over the last two years, can the company really afford to continue on their current trajectory?

Daily Mail explained:

The decision, aired by State Treasurer Curtis Loftis, will see $105million of taxpayer funds the state had in place for Disney repaid and not replaced.

It comes in response to Disney’s decision to pull ads from X, the platform formerly known as Twitter, due to a series of comments made by Elon Musk many perceived to be anti-Semitic.