Midterms Madness, Meta Layoffs, Disney Slumps and the FTX Fallout Hits Crypto 11/9/22
Squawk on the Street
00:00
Meta or Disney?
Disney is the most important just simply because people look at the Dow and think, okay, is there any accountability in corporate America? I still we still wonder about the ultimate profitability of the direct-to-consumer business. Yes, Netflix will always be amongst, if not the leader in Disney, certainly with all of those subscribers. But given churn, given cost of content, it's just, it's not shaping up to be the same business as the linear cable businesses.
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