Tag: News
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Will Proxy Fight Against Disney’s Board Succeed?
At tomorrow’s Disney shareholder meeting we will learn which course the company will take in the future. (The meeting takes place Wednesday, April 2, 2024.) Tomorrow we will know: Will Nelson Peltz’ proxy fight against CEO Bob Iger (pictured above) and the incumbent board of directors succeed? Peltz and his supporters demand seats on the…
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Disney Loses Fight With Florida, But Can Now Focus On Fixing Itself
Though @Disney lost this fight, it rids CEO @RobertIger of one major distraction in his quest to right Disney’s ship. It will also accelerate short-term park expansions now that the company can operate on solid ground. This is important because the park business is a major cash cow for Disney while its other businesses, TV…
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TikTok Will Stay After Likely Sale, Remain Channel Into Young Demos
At this point, the fracas over TikTok will likely play out like this: The bill forcing TikTok-owner ByteDance to either sell the service or be banned will be passed into law after the November 2024 election. ByteDance will challenge the new law in courts. This may take a couple of years to settle, but eventually…
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House passes bill To Force TikTok Sale Or Ban – What’s Next?
Today, the house passed a bill forcing the sale or ban of TikTok. Remarkably, this was a bipartisan vote. @AOC voted with @mattgaetz. A passage of the bill in the senate will be more complicated, with the outcome uncertain. @POTUS has said he would sign the bill if passed in the senate. A sale of…
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A Word To the Wise About Nvidia
Today, Nvidia overtook Alphabet in terms of market capitalization, making it the third biggest U.S. company behind Microsoft and Apple. There has been a lot of talk recently about the stratospheric rise of Nvidia’s sales and stock price. Also, how the company has a lot of room to grow given they are the most important…