Showbiz Stocks 2022: WWE Wins Wall Street Battle Royale As Disney, Others Bite The Dust
U.S. stocks just wrapped their worst year since 2008 with media and tech leading the downward spiral. Streaming got messy, linear TV declined, a theatrical recovery sputtered, inflation, interest rates, unemployment and geopolitics turned ugly, recession jitters hit advertising, and M&A mostly ground to a halt. When it didn’t, it probably should have (i.e., Elon Musk’s tortured $44 billion takeover of Twitter).