Disney to furlough some US employees as coronavirus bites 
Said it before, and explained it in today’s blog post - @Disney is going down...https://www.straitstimes.com/business/companies-markets/disney-to-furlough-some-us-employees-as-coronavirus-bites?xtor=CS3-20&utm_source=STiPad&utm_medium=share&utm_term=2020-04-03%208%3A04%3A32 …
I was thinking about investing, but after reading their 10-k and seeing both how much debt they have, how much revenue is disappearing because of this crisis (theatres, parks), and how disney + won't make money I decided no way jose.
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Absolutely. People don’t realize that Disney+ is hemorrhaging money right now, and isn’t projected to be profitable for 12-18 months. Launching a new platform is very expensive.
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And so is buying FOX!
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