Warner Bros. Discovery (NASDAQ: WBD) had a rough start after being spun off as a stand-alone company last April. The media company, created by the merger of AT&T's WarnerMedia unit and Discovery, initially traded at $24.08 per share.

But as of this writing, it's only worth about $11. Warner Bros.' stock plummeted as investors fretted over its slowing growth, persistent losses, and chaotic cancellations of several high-profile projects. It seemed like Warner Bros. was more interested in burning the furniture to stay warm than creating new content for its cable TV, streaming, and theatrical businesses.

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Source Fool.com