this post was submitted on 10 Jan 2024
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"What if we ignored what made our platform successful and instead tried to force our product into a already crowded market?" Elon Musk, Tech genius
Look how well that's going for Disney
So higher gross profit but lower net income from last year which is far lower than their net income from 2019 and their highest in 2018.
They've produced ~4 flops last year that cost them almost $1 billion, their stock price hit a 9 year low last year at below $84, Disney + has been operating at a loss since it started. Universal Studios overtook them with box office revenue last year.
Unless I'm interpreting that incorrectly it would seem that they aren't doing too well. Correct me if I'm wrong.