Netflix Stock Falls & Disney Loses Power
b'Shares of Netflix closed down more than 35% Wednesday after the streamer\\xa0reported 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\\xa0voted 23-16 to eliminate the district on Wednesday afternoon.\\n\\xa0\\nPardon 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.\\n\\xa0\\nSupport Our Sponsors\\n\\u25ba Aura\\n\\u25ba Lucy\\n\\xa0\\nSupport Our Show\\n\\u25ba Website\\n\\u25ba Buy Merch\\n\\u25ba Patreon\\n\\xa0\\nFollow Our Show\\n\\u25ba YouTube\\n\\u25ba Rokfin\\n\\u25ba Instagram\\n\\u25ba Telegram\\n\\u25ba Rumble\\n\\nSupport this podcast at \\u2014 https://redcircle.com/pardon-my-american/donations\\n\\nAdvertising Inquiries: https://redcircle.com/brands\\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'