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Hot Take: Disney+ will surpass Netflix if...

Disney will surpass Netflix if it repositions Disney+

The Bamboo Team
Oct 8, 2020 • 1 min read

Activist investor Dan Loeb is calling on Walt Disney Co. (NYSE: DIS) to reposition the company around Disney+. Loeb’s Third Point Capital is one of the company’s largest shareholders, and he wants Disney to cut its $3B annual dividend and direct it towards growing Disney+. He believes that Disney’s stock will surpass Netflix’s if it is able to demonstrate the best-in-class results. Disney stock rose 2% on the news. Click here to read more

Draftkings isn’t feeling royal right now

On October 2nd, DraftKings (NASDAQ: DKNG) was trading at $64 a share. Yesterday, the stock dropped to $52 a share because the company is selling 16 million new shares and existing shareholders are not too happy. Click here to read more.

Chevron beats Exxon, takes over as the most valuab0le oil company.

Chevron Corp. (NYSE: CVX) overtook Exxon Mobil Corp. (NYSE: XOM) as the largest oil company in America by market value. It is the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. Click here to read more.

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Bamboo Splinter
The Bamboo Team
The Bamboo Team
Oct 8, 2020 • 1 min read

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