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What happened: On March 9, 2022, former Disney CEO Bob Chapek attacked Gov. Ron DeSantis (R., Fla.) for supporting the Parental Rights in Education bill, instigating a feud with the popular governor that persists to this day. Since then, Disney’s stock price has lost a third of its value.
By the numbers: Disney stock was trading at $133.65 a share when Chapek accused DeSantis of promoting legislation that would “unfairly target gay, lesbian, nonbinary, and transgender kids and families.” Disney shares opened at $89.44 and continued to fall on Wednesday ahead of DeSantis’s formal entry into the 2024 presidential campaign.
• That’s a decline of 33.1 percent in a little over 14 months.
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