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 more than 2%, translating to a nearly $4 billion decrease in the company's market capitalisation. This substantial loss underscores the significant impact that public relations decisions can have on a company's financial standing.
In response to the growing controversy, former Disney CEO Michael Eisner publicly criticised the company's leadership for yielding to political pressures, particularly in suspending Kimmel's show. Eisner emphasised the importance of free speech and questioned the current direction of Disney's corporate governance.
Beijing is using Shanghai’s artificial intelligence (AI) forum to promote its governance agenda and showcase domestic alternatives to U.S. technolo...
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. T...
Azerbaijan and UN-Habitat have signed a cooperation agreement to support sustainable urban development in the East Zangezur Economic Region. The partn...
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svetlana Maksimovic and Ljubisa Karovic had just settled into a flight with the airline last week, when a loud bang pierced the hum of engines.
Azerbaijan is moving to speed up and simplify trade with partner countries along the Middle Corridor by expanding its Single Window information system.
Russia launched a fresh wave of missile strikes on Ukraine early on Thursday, saying it had hit military and industrial facilities in Kyiv, as well as key port infrastructure in the southern Odesa region.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet of how the AI boom is reshaping the technology sector.
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svetlana Maksimovic and Ljubisa Karovic had just settled into a flight with the airline last week, when a loud bang pierced the hum of engines.
Russia launched a fresh wave of missile strikes on Ukraine early on Thursday, saying it had hit military and industrial facilities in Kyiv, as well as key port infrastructure in the southern Odesa region.
Uganda is expected to discharge its final Ebola patient on Thursday, beginning the 42-day countdown required before the country can be declared free of the virus if no new cases emerge, according to a government spokesperson.
The U.S. Coast Guard has called off its search for three people missing after a pontoon boat capsized near Alcatraz, leaving four people dead or presumed dead.
The U.S. Mint has begun producing a new $1 coin featuring President Donald Trump as part of commemorations marking the United States' 250th anniversary, according to Treasury Secretary Scott Bessent.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment