Disney’s stock has lost nearly $50 billion in value since the start of March, when it took a political gamble to oppose Florida’s controversial new education law.
Disney’s stock was down more than 2% on Friday and by more than 8.5% over the past few days as Florida lawmakers work to punish the company for wading into the state’s politics. The stock’s market cap has declined by about $46.6 billion since March 1, just days before the company came out against the legislation.
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