Disney Has Now Lost $25 Billion In Market Value Following Iger’s Departure
https://wccftech.com/disney-25-billion-market-value/
Earlier this week, Disney's former chief executive officer Mr. Bob Iger announced his resignation, in a move that surprised industry watchers and the press alike. Mr. Iger's been a key part of the way in which Disney views itself as a modern company. His acquisitions and deals in the entertainment sector have provided the company with a platform set to dominate the entertainment industry, whether it's in the cinema or on the internet.
Prior to the news of his departure being made public, The Walt Disney Company lost 3.7% during the day's trading on Tuesday, while the New York Stock Exchange lost 2.88% in value as a whole. In after-hours trading and before yesterday's opening, Disney's market value dropped by as much as $3.6 billion as the company started to flirt with one-year low closing prices. Now that Wednesday's trading is done with and Disney enters a new day on the market, the company has effectively lost all value that it gained on the open market following the launch of Disney+ late last year.