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TikTok Lawsuit, Reddit's Debut Earnings, and the 4-Day Work Week
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Unforeseen Volatility and Activist Investor Influence
The stock market saw a surprising 11% drop in a usually stable stock due to unforeseen factors such as market focus on streaming losses and decreased performance expectations for theme parks. This unexpected turn may lead to the intervention of an activist investor aiming for a board seat if the stock continues underperforming, following a pattern where activists initially lose but gain board seats if the stock doesn't recover within a year.
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highlights
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