Disney has experienced a significant financial setback, reportedly losing approximately $3.87 billion in market value overnight.
This decline follows the company's decision to suspend late-night host Jimmy Kimmel's show, "Jimmy Kimmel Live!", which has sparked widespread public backlash and calls for boycotts. The suspension is believed to have been influenced by pressure from the Trump administration and conservative media outlets.
The market reaction was swift, with Disney's stock price dropping by over 2%, translating to a nearly $4 billion decrease in the company's market capitalization. This substantial loss underscores the significant impact that public relations decisions can have on a company's financial standing. Facebook
In response to the growing controversy, former Disney CEO Michael Eisner publicly criticized the company's leadership for yielding to political pressures, particularly in suspending Kimmel's show. Eisner emphasized the importance of free speech and questioned the current direction of Disney's corporate governance.
Tens of thousands of people across Brazil have taken to the streets in all 26 states plus the Federal District to oppose a proposed amnesty bill that ...
When Climate Week kicks off in New York City on Sunday, it will mark the largest event of its kind yet, with organisers reporting a record number of c...
Syrian President Ahmed al-Sharaa arrived in New York to attend the UN General Assembly meetings, marking the first time a Syrian president has partici...
North Korean leader Kim Jong Un has indicated that there is no reason for his country to avoid dialogue with the United States, provided Washington ce...
Venezuelan President Nicolás Maduro proposed direct talks with U.S. President Donald Trump just days after the first U.S. strike on a boat from Venez...
Tens of thousands of people across Brazil have taken to the streets in all 26 states plus the Federal District to oppose a proposed amnesty bill that could pardon former President Jair Bolsonaro, his allies, and supporters convicted in the Jan. 8, 2023 coup attempt.
When Climate Week kicks off in New York City on Sunday, it will mark the largest event of its kind yet, with organisers reporting a record number of companies participating and more events than ever before.
Syrian President Ahmed al-Sharaa arrived in New York to attend the UN General Assembly meetings, marking the first time a Syrian president has participated since 1967, according to the state news agency on Monday.
North Korean leader Kim Jong Un has indicated that there is no reason for his country to avoid dialogue with the United States, provided Washington ceases to insist on denuclearization.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
Iraq has increased its oil exports following the gradual easing of voluntary production cuts under the OPEC+ agreement, according to the country’s state oil marketer, SOMO, on Sunday. Earlier this month, eight OPEC+ members agreed to raise production by 137,000 barrels per day from October.
A 3,000-year-old gold bracelet belonging to Pharaoh Amenemope has been stolen from the Egyptian Museum in Cairo and melted down for scrap, authorities said. The theft has sparked national outrage over lax security and the irreversible loss of a priceless piece of Egypt’s ancient heritage.
Tens of thousands of people across Brazil have taken to the streets in all 26 states plus the Federal District to oppose a proposed amnesty bill that could pardon former President Jair Bolsonaro, his allies, and supporters convicted in the Jan. 8, 2023 coup attempt.
Syrian President Ahmed al-Sharaa arrived in New York to attend the UN General Assembly meetings, marking the first time a Syrian president has participated since 1967, according to the state news agency on Monday.
North Korean leader Kim Jong Un has indicated that there is no reason for his country to avoid dialogue with the United States, provided Washington ceases to insist on denuclearization.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment