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How X became a part of this story

Social media posts are increasingly relevant to hirings and firings.

In August 2023, Musk announced, “If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill. No limit.”

Carano responded to that offer. And to her astonishment, things moved forward.

“To my surprise, a few months ago I received an email from a lawyer who had been hired by X to look into my story & many others. Turns out after sending them as much information as I could gather these past few months, my now lawyers & X believe whole-heartedly in my case & are moving forward,” she shared.

Musk shared Carano’s post on X, commenting, “Please let us know if you would like to join the lawsuit against Disney.”

His post garnered significant attention, with 175,000 likes and nearly 10,000 comments.

Musk's criticism of Disney doesn't stop there. In a separate post about reported casting choices for the next installment of Disney’s “Pirates of the Caribbean,” he wrote, “Disney sucks.”

Disney stock making a comeback?

For the fiscal quarter ended Dec. 30, Disney generated $23.55 billion of revenue, nearly unchanged from $23.51 billion in the same period last year. Adjusted earnings came in at $1.22 per share, up 23% from the 99 cents per share a year earlier.

Additionally, Disney has unveiled an exciting plan for growth, announcing a $1.5 billion investment for an equity stake in Epic Games, the creator of the popular online game Fortnite.

“This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion. We can’t wait for fans to experience the Disney stories and worlds they love in groundbreaking new ways,” Iger said in a press release.

After losing streaming customers in India, the company is also merging its India media business with a business owned by Indian conglomerate Reliance to create a new joint venture valued at $8.5 billion.

Thanks to a post earnings surge, Disney shares have increased by 23% since the beginning of the year.

Wells Fargo analyst Steven Cahall sees further upside on the horizon. The analyst has an Overweight rating on Disney and a price target of $128 — around 15% above where the stock sits today.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.


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