South Carolina announces state is divesting from Disney over Twitter spat
- The State of South Carolina has stopped investing in The Walt Disney Company after S.C. State Treasurer Curtis Loftis removed the company from the investment list.
- Treasurer Loftis expressed concern that Disney has abandoned its fiduciary responsibilities by boycotting corporations and that corporations like Disney should not silence those with less power and money.
- According to a State Treasurer's office release, $105 million in Disney debt instruments in the treasurer's portfolio will mature and not be replaced.
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Leaning Left2Leaning Right11Center4Last UpdatedBias Distribution65% Right
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- 65% of the sources lean Right
12%
C 23%
R 65%
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