Disney has lost nearly $4 billion in 3 days from their stock price collapse & cancelled subscriptions.

Question

Disney has lost nearly $4 billion in three days from combined stock price collapse and cancelled subscriptions.

Answer 1

It appears to be true that Disney's stock has taken a hit following the cancellation of Jimmy Kimmel's late-night show, but the phrasing of the claim is a bit misleading. It's important to note that a company doesn't lose money when its stock value changes. The investors who own it lose potential value if they sell now versus before (when the price was higher). Most people can simply hold onto their stocks and wait for the price to go back up. As for actual revenue loss, that's hard to know until Disney releases quarterly reports. Therefore to say that "Disney lost $4 billion due to..." suggests that the company has lost the money and that the value can't be recouped over time. 

Snopes' fact-check on the matter roughly aligns with the dollar amount and timeframe. They report that "by the end of the week on Sept. 19, with its stock price at $113.76, Disney's market capitalization had fallen by $4.2 billion, or 2.5%, to $204.7 billion." Al Jazeera reports that "Between September 17 (when Kimmel's show was announced to be canceled) and early on Tuesday, the value of The Walt Disney Company's stock fell by 2.39 percent – the equivalent of $4.99bn of its market value." This dollar amount is higher than the original claim, but this covers a span of 7 days, not 4.

As for subscription cancellations contributing to Disney's losses, we just can't be sure. While there have been plenty of anecdotal social media posts of people canceling their subscriptions, Yahoo Entertainment notes that "there's currently no official metric to show just how many people have dropped the streamer since the Jimmy Kimmel news was revealed."

Comments

You make a solid point about the difference between stock value and actual company losses—that’s an important distinction a lot of people miss. I like that you backed it up with multiple sources too. One thing though: the way the stock drop is phrased could be a little clearer, since it might sound like Disney literally lost $4 billion in cash. Maybe just tweak that part to show it’s about market value, not actual revenue. Also, a quick note on the timeframe explaining why that matters could help people better understand the numbers. Overall, really thoughtful breakdown!