Disney lost nearly $20B in valuation in a single day, after reporting an $18M loss over its combined streaming services.
Disney stock dropped to $105.35 per share, losing 47.80% of its all time high value ($201.91).
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New Star Wars show on Disney+ 'Tales of the Empire' features a non-binary character that uses they/them pronouns.
Parents, make sure you know what your kids are watching!
They're after your kids.
I'd be fine with a they/them for a a freaky looking alien. But yeah, that's just some mystery brown looking queer, which is the most generic thing Disney does these days for character design.
The 2006 show Legion of Superheroes actually did that, for an alien cyborg that was heavily implied to have two consciousnesses in one body (complete with constantly shifting between two different voice actors). I don't recall anybody having an issue with that choice - but it helped that 2006 is before a lot of this nonsense took off in the first place, and nobody would interpret a character being referred to as 'they' as anything other than sci-fi weirdness.
Yeah. The thing is that you didn't yet have the social context where becoming a dual-consciousness cyborg is reinforced with love-bombing propaganda & multi-billion dollar medical establishment
Exactly - I sometimes think that our stories had more freedom to be weird when there was a clearer divide between fantasy and reality.
Yeah I've noticed how lazy the Disney Star Wars character designs have been. Mandalorian started out alright with the blue alien dude being his first target, but as the show progressed it got lazier and lazier. Every new character was just another generic human with zero alien makeup minus a few exceptions.
Can the streaming bubble please burst already?
Make Physical Media Great Again
Yes I know about the high seas. I want to support companies that treat customers right, when they show up.
The music streaming industry went through this 20 years ago. They learned nothing.
Womp -- and I cannot emphasize this enough -- womp.
Disney stock is worth about $15 to $17 a piece IMO.
I'm almost tempted to buy some, just for the inevitable buyout or what have you.
Anyone think there could be a GameStop opportunity here?
What if, every time Disney takes a massive hit like this, a couple thousand people each buy a share, and then use that share to tell Disney to drop the woke shit?
Worst case scenario, they get tons of shitposters who are now shareholders that they have to deal with. Best case scenario, they actually drop the woke shit and everybpdy gets rich.
Not the way you want it to. With GameStop, the market thought it was going to fail. That's why it was so heavily shorted. By raising the value, we forced shorts to buy stock to cover their position, which raised the value... which creates a loop.
To do similar to Disney, there would have to be significant short interest and then we would have to go long - we would have to help Disney to the detriment of the people expecting it to fail. We don't want to squeeze Disney shorts because our interests are aligned.
The opposite is a "long squeeze" which do exist, but only really happens on low liquidity stocks. Whereas shorts must cover by a certain time, longs can always just hold. So to do a long squeeze you have to drive the price so low so fast that even the people who want to hold feel pressured into selling. Much harder and would require all of us to short, which is much more dangerous and harder to pull off for the average retail investor.
Then we drive up the share price and turn a profit for all the companies like BlackRock with holdings. If we could get enough votes to do something, that would be fun but it would take a lot of shares. Anything short of that is a rising tide that floats the enemy's boats as much as ours.
Edit: For a sense of scale, if about 204k of us bought 1 share, we'd have more than Iger (0.01%). If 146.3 million of us each bought 1 share, we'd surpass Vanguard (8%) as #1.
A rising tide raises all boats, but a tidal wave will capsize them. But unlike GameStop, Disney really is too big. Even if you got buy-in from the dragons or Musk or whatnot (like GameStop eventually did) to make it worse/better, it was only hundreds of millions needed, not tens of billions.
Disney will collapse on its own, under its own weight, and through the choking yoke of Vanguard. No action needed. Wouldn't short it, though. It really is too big, any real tumble and those in the shadows will "correct" it.
So when do stock holders begin holding the fiduciaries of a company responsible?
They just voted back in the CEO which is what baffles me.
Oh no! Anyway....
This seems unremarkable. Wall Street shifts billions around every day.
Time to buy Disney stock? Or are we all assuming Disney is going to collapse?
My personal take is that it has some upside mainly because of institutional buyers.
This is a 64 P/E stock with ~1% revenue growth over last year and ~2% subscriber growth for streaming. Pretty anemic.
The bulls expectation is that new movies being released this year and the seasonal park revenue this Summer will kick the stock upwards.
FWIW, Yahoo!'s 1y target is ~$127.
You regularly buy stock? How did you get a hang of things?
I was lucky to join a trading group at my first job. The guy who ran it had worked at a trade desk for 15 years and was always happy to share stories and knowledge.
That must have been a cool experience.
I'll check it. Did you use it personally?
Here's to Snow-Brown bomb harder than The Marvels next year.