Netflix Stock Falls & Disney Loses Power

Shares of Netflix closed down more than 35% Wednesday after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than 10 years. The drop caused Netflix to shave more than $50 billion off its market cap. It is now the worst-performing stock of 2022 in the S&P 500, down 62.5% year-to-date. The Florida state senate voted to repeal a law allowing Walt Disney World to operate a private government over its properties in the state. The Reedy Creek Improvement District is a private government controlled by Disney World and set up by the state Legislature in 1967. The Republican-controlled state senate voted 23-16 to eliminate the district on Wednesday afternoon.   Pardon My American podcast (PMA) is an opinion-based podcast that explores local and global politics, entertainment, paranormal, and culture all while having a good laugh. They keep things lighthearted as they dive into subjects that inspire you to think and ask questions.   Support Our Sponsors ► Aura ► Lucy   Support Our Show ► Website ► Buy Merch ► Patreon   Follow Our Show ► YouTube ► Rokfin ► Instagram ► Telegram ► Rumble Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy