Disney, Bed Bath Beyond, Vice and More Going Broke for Woke/ESG and It's Deliberate.
How could such systematic and methodical failure be an accident?
Vice Media, as former Vice veteran Tim Pool has described many times, was an edgy, independent news source that made a niche out of sending people to report on the ground “in the thick of it” as it were. Vice became famous and wealthy. The company went public…and then it went “woke” and went bankrupt. Vice new full well the direction they were going wasn’t working but refused to waver from the ideology until they ran out of other people’s money, namely their investors and stockholders.
Bed Bath and Beyond (BBB) took sides on Trump and the controversial 2020 election. They banned the huge seller My Pillow because they supported President Trump. BBB saw that they were going broke, refused to change course and much like Vice Media, went on until they ran out of other people’s money.
Did they care about the stockholders? Did they care about the 401k’s and retirement funds that owned some of those stocks? No. They abandoned their fiduciary responsibility and full well knew the direction they were headed in and refused to change course.
The same can now be said of Fox News whose prime-time ratings have collapsed to last place among cable news. Fox knows that their investors and the corporation is losing money. It is a virtual certainty Fox will refuse to change course no matter what happens to the stock.
Anheuser-Busch has lost so much in sales that their stock was just downgraded by HSBC.
Disney went woke and even promoted the sexualization of very young children. Disney lost $120 Billion in 2022, their stock dropped 44% that year and Disney has been losing roughly a billion dollars a quarter since.
Former Disney CEO Bob Iger sent Disney down this dark path. The following CEO Bob Chapek tried to move Disney back to being politically neutral. The Disney Board wouldn’t have it, fired Chapek and brought back Iger.
We have previously reported how Disney/Lucasfilm set out to destroy Luke Skywalker as he “represented the patriarchy.” The result has been one underperforming Star Wars production after another and post Lucas Era Star Wars merchandise going unsold.
Dave Filoni and Jan Favreau had to deceive LucasFilm in order to secretly bring back Luke Skywalker at the end of Season two of the Mandalorian which proved so popular it “broke the internet.” LucasFilm was furious in spite of the fact that it increased ratings and Disney Plus subscribers.
Disney/Marvel Entertainment decided to go woke after Avengers Endgame and the result has been one underperforming Marvel production after another. They simply do not care and refuse to change direction. Stockholders and investors be damned.
Netflix is doing the same. They went woke with “The Witcher.” Henry Cavill got fed up and quit, the show tanked and in spite of a petition with over 300k signatures telling them to get back to the source material, Netflix has refused to budge and will continue to drive the brand into the ground until they too run out of other people’s money.
The Woke/ESG push by the likes of Blackrock and Vanguard is a fiscal wrecking ball. Since they are playing with your money they simply do not care.
The videos below present the facts in detail. For those not aware, Overlord DVD and Midnight’s Edge are among the most reliable and popular entertainment news outlets on social media. Their presentations below are informative and entertaining and very much worth your time.
Veteran reporter Sharyl Attkisson’s report on Woke/ESG investing is a must see:
If you would like to see more on ESG we have a series of videos on our Rumble Channel.
UPDATE - Disney is now being sued by stockholders - LINK.