ViacomCBS lost over 50% of its market value in a week - why?
In January & February there was a “dumb money”… or to put it more kindly, an “irrational exuberance” stock price run-up for the ‘mini streamers’ (ie. folks who are not DISNEY, NETFLIX or AT&T/HBO) as PARAMOUNT+ and DISCOVERY+ launched. The LA TIMES just did an analysis on the media stock boom about 2 weeks ago. Case in point, here is DISCOVE…