In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The decision to buy 21st Century Fox (NYSE: FOX) will have many observers wondering if the Walt Disney Co. (NYSE: DIS) is making money. The financial data indicates Disney is making money, but it also shows why the company’s CEO Bob Iger wants Fox.
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Executives at the Magic Kingdom want nothing to do with Twitter even though it has 313 million users; and generated $2.476 billion in revenue during second quarter 2016. Bloomberg reported that Disney CEO Bob Iger was worried that Twitter’s reputation as a venue for bullying, racism, bigotry, sexual misconduct and other bad behavior would tarnish the Disney brand.
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