TECH - Elon Musk Says Disney's Entire Market Cap Hinges On Just One Thing Rest Valued 'Neutral To Negative For Good Reason' | Benzinga
Walt Disney Co. (NYSE:DIS) closed out 2023 with a modest gain of 4.26%, significantly lagging behind the S&P 500 Index, which posted a little over a 24% gain for the year. Tesla CEO Elon Musk, engaged in a public dispute with Disney over the removal of ads from his platform X, hinted that the future appears grim for the entertainment giant.
What Happened: An X account that writes Musk’s quotes brought up an old remark by the billionaire entrepreneur: “Disney has a major content problem. Almost their entire upcoming slate is unwatchable. They are the world’s biggest example of go woke, go broke.”
“Disney’s entire market cap right now is just the parks,” said Musk in response to his own quote from a while ago. “Investors are valuing everything else as neutral to negative, for good reason.”
Disney's entire market cap right is just the parks. ...