Disney Stock Has Tumbled Nearly 50 Percent as Audiences Turn Away

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Disney Stock Has Tumbled Nearly 50 Percent as Audiences Turn Away (redstate.com)

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[–] • 5 pts

OP isn't comparing it to their lowest pandemic level, they're comparing it to a year ago.

The nasdaq index has lost 22% vs a year ago today. Disney has lost 46%, so quite worse.

However, when you compare Disney to it's competitors like Netflix (down 66%), Roku (down 77%), or fubotv (down 92%!), it suddenly doesn't look as bad. Even compared to other theme parks like six flags (down 52%) it's in a similar but better position. There are a few theme parks with less losses like sea world (down 19%) though.

Overall, it's pretty clear to me this is market driven.

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[–] • 1 pt

Very good assessment. This is one thing I don't like about these objectively left/right news websites, they will skew data to fit a narrative where the narrative is not the cause of the problem.

All these news media outlets are clickbait farms that pander to their audience and go overboard.

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