- The direct-to-consumer division of the Walt Disney Company saw its losses more than double to $1.47 billion in the fourth quarter, and on Wednesday, its stock had its worst one-day decline in 21 years.
- At $86.75 per share, the company’s stock finished down more than 13%.
- Since trading began on September 17, 2001, following the 9/11 terrorist attacks, this is the largest one-day loss that has occurred.
After Q4 reports, Disney’s stock drops 13%, its largest 1-day decrease in 21 years.
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