Reddit unexpectedly became one of the most talked-about platforms in the investing world. Its forum, called WallStreetBets, was at the center of the retail trading frenzy which took the stock market by storm early last year. Though its impact has cooled off considerably, the power of social media cannot be denied.
Reddit is a social media platform that allows users to comment and share links on multiple topics of interest. Investors can rally around a community to induce a short squeeze, and more importantly for investors.
Regardless of what one might think about the meme stock mania, it’s a phenomenon here to stay.
Disney (DIS)
Disney (NYSE:DIS) has earned the right to be called the uncontested ruler of content. It dominates the theme-park business and the box office, effectively making it a juggernaut in the entertainment space.
While its theme park business is recovering from the pandemic’s effects, its box office results have come to the rescue while streaming is now rocking the ship. Since its launch, Disney+ has been a smash-hit and now boasts 137.7 million subscribers at the end of the second quarter.
This represents a colossal increase of 32.9% over 103.6 million subscribers it reported in the previous year. Its other streaming services, including ESPN+ and Hulu, have also been growing their subscriber base, albeit at a slower pace.
Moreover, with the pandemic restrictions lifted across the globe and travel demand picking up, its theme-park business will be back, making the big bucks.
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