Ron DeSantis Slammed By Miami Mayor for 'Personal Vendetta' On Disney: 2,000 Jobs Gone, $1B Fallout
Portfolio Pulse from Shivdeep Dhaliwal
Miami Mayor Francis Suarez criticized Florida Governor Ron DeSantis for his 'personal vendetta' against Disney, resulting in the loss of 2,000 jobs and a $1 billion fallout. Disney withdrew its decision to invest $864 million in a new Florida corporate campus after disagreements over the state's 'Don't Say Gay Law'.
May 19, 2023 | 1:18 am
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Disney faces criticism from Florida Governor Ron DeSantis, leading to the cancellation of a $864 million investment in a new Florida corporate campus and the loss of 2,000 jobs.
The conflict between Florida Governor Ron DeSantis and Disney has led to the cancellation of a significant investment in a new corporate campus, which would have created 2,000 jobs. This negative publicity and loss of investment could have a short-term negative impact on Disney's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100