JohnnyJayce t1_iy4ycyg wrote
Reply to comment by boundbylife in Bob Iger Tells Disney Town Hall Hiring Freeze Still In Effect, No New Acquisitions Planned & Not Merging With Apple by HumanOrAlien
Didn't even think that people would take that seriously. But if he comes out and says it, enough people believed it I guess.
boundbylife t1_iy51i2g wrote
When you see headlines about X company merging with Y company or similar, and they don't have any citeable sources, you should treat it like someone trying to manipulate the stock prices - because that's exactly what the effect is. Rumors of a merger would increase stock price of both companies, dispelling it would bring it back down. Iger going on record to say its not on the table is the responsible and ethical thing to do.
JohnnyJayce t1_iy51svh wrote
Not a stock guy, so haven't even thought about that. It seems reasonable, now I know. Thanks.
TraptNSuit t1_iy5b8in wrote
With all tech/media layoffs and all the recession gossip, keep this cynicism close by from here on out.
The free money is mostly gone now. Stockholders are getting greedy and desperate to try to shovel in as much as they can to make up for inflation and possible downturns in the market. It is going to be even more craven than normal.
HumanOrAlien OP t1_iy5411e wrote
The Verge and some other big publishers made it worse by writing an article about it.
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