What's Been Driving the Warner Bros. Discovery Stock Plunge?
It has been awful time for investors in media company Warner Bros. Discovery (NASDAQ: WBD). Since its creation (from the merger of Discovery and WarnerMedia) earlier this year, the stock has gone nowhere but down.
What's been going on and is now the time to sell out of the stock?
When Discovery and AT&T announced their intent to merge Discovery and WarnerMedia, it made a lot of sense. The potential synergies and economies of scale looked to position the combined company well to compete in the media and entertainment industry.
Source Fool.com