Now that is a fuck up

[Bernardo de La Paz]

10. Not true, and no source. The Bluesky post is a fuckup

Presumably the post is based on some kind of stock valuation. There are multiple problems with it.

1) The stock owners own the stock, not the company.

2) Stock is an unrealized asset. It is worth only what it can be sold for at the time of the sale.

3) The stock market was closed overnight. Sept. 20 is Saturday.

4) Stock trading on the shoulders 4-8 pm and 5:30 to 9:30 am is "after-market", not the actual market. Trades are much more expensive than during the day, so it is a lousy indicator of what trading will be the next day.

5) Disney closed at 115.23 on the 16th.
Disney cancelled Kimmel on the 17th (Wed.).
Disney closed at 116.10 on the 17th, up 0.87, a gain in market cap of $1.57 billion.
Disney closed at 113.76 on the 19th, down 1.47 from Tues, a loss of market cap of $2.64 billion in three days.

Hardly overnight. Only 1.29 %. In two days in April, Disney lost 10.4% of its value.