Disney Drops Under $100/share! How could this be happening NOW??!!
2 months ago
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Entertainment
Film & Movies
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hollywood
jump the shark
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With the success of Inside Out 2, new developments at the theme parks, new packaging of Disney+ with Max, one would think Disney's stock would be flying high. Instead, it is tanking, falling from $120/share to $97 since the last investor's meeting, when Nelson Peltz and Trian seemed to have been beaten back from their attempt to force a seat on the board. What happened? The answer is Disney management, which has been reactive rather than proactive, and has gone for Twitter likes instead of shareholder value. Plus, with shifts in the cultural context, forcing of intersectional politics is no longer a viable business plan... for any industry.
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