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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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.