boundbylife t1_iy51i2g wrote on November 28, 2022 at 8:21 PM

Reply to comment by JohnnyJayce in Bob Iger Tells Disney Town Hall Hiring Freeze Still In Effect, No New Acquisitions Planned & Not Merging With Apple by HumanOrAlien

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 on November 28, 2022 at 8:23 PM

Not a stock guy, so haven't even thought about that. It seems reasonable, now I know. Thanks.

TraptNSuit t1_iy5b8in wrote on November 28, 2022 at 9:24 PM

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.