Disney Plus Stats show us what? - Error 400

WEBVTT

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I beg you, please don't listen to people who

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can't read financial reports when they opine

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about things. Popular Star Wars YouTuber Star

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Wars Theory opined today on the decrease in Disney

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Plus subscriptions attributing it to people want

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better media where politics isn't the main focus

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and just straight up, right out the gate, he's

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just fucking wrong, okay, for multiple reasons.

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But we're going to talk about that in a second.

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It's a bunch of crap. Brought about by people

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who, no matter what is happening with a company

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that they're upset with, will always find something

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to bitch about, right? Yeah, straight up. Let's

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start with with the facts, OK, because that's

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really where I want to go. If you're going to

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attempt to attribute politics to a Disney Plus

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subscriber decrease, and I'm going back to the

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subscriber numbers, because what I did after

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I read it was I was like, oh, you know what I

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should do? I should go back and look at the financial

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report, right? Because it got released. By the

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way, Disney stocks up, Jay. It's up. Oh, nice.

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OK, so let's talk about what the report actually

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says. Compared to the quarter previous domestic

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subscriptions actually went up Also one of my

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favorite youtubers. He was trying to attribute

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it to the to the price increase again domestic

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subscribers was up 800 ,000 subs Okay, so they

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increased the price and made that content and

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they got more the decreases in the international

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market Okay And they have a note about it. This

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includes Disney Plus subscribers in Southeast

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Asia, which were previously reported with a Disney

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Plus Hotstar deal. Hotstar is a huge network

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that is big in like India, Pakistan, all over

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Asia. Disney Plus Hotstar is no longer presented

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as this business was included in the Star India

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transaction. They did a big transaction with

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all the stuff they're doing with their overseas

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holdings. Right. So again, Domestic subscribers

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went up 800 ,000 over the quarter. So I don't

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know what, I don't know what people are talking

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about. It's not politics. It's not the price

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increase. People find value in Disney Plus, right?

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Maybe don't opine on it. If you don't know what

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the fuck you're talking, go and read the financial

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report. Jay, what are your thoughts? Uh, damn.

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Um, as someone who has recently canceled their

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Disney plus and then reactivated it, um, just

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like a week later, no, um, yeah, a hundred percent

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agree. I, so we're, we're in the age of trying

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to get views. So I feel like we're, you know,

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YouTubers out there, you darn. Fucking youtubers

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They're creating topics. They're creating like

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catchy little headlines To try to get you to

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like click on their video to watch their video

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So like politics is a hot topic right now anything

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anti like woke anti DEI is like hot right now

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and I think we just live in a world of fake shit

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So like honestly like I think nine times out

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of ten if you see something online, you're gonna

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have to do your own research and look into it

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to verify if it's real or not. So. Yeah, I don't

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I don't know. Is there any practical way? Because

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the problem that I'm seeing, we're going to talk

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about this in a segment further down when we

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get into politics, like deep into politics, which

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we're going to do like segment two or three six

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inches deep and right. Something deep. What I've

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noticed over this last couple of weeks, more

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so than I used to notice it, but I notice it

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more now, is that someone will post something,

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right? They'll say, this is a thing, and they'll

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state it as fact, right? And they just get away

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with it, even though it's absolute BS, right?

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Like the whole USAID stuff again, we'll talk

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about that in a future segment Like people are

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stating things like it just happened and I'm

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like dude that that that's not real Like Disney's

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domestic subscribers went up and their their

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amount of money they made per subscriber went

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up Right Like So you're trying to crap on them.

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And maybe that's my other problem. There's a

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lot of ways you can crap on mega corporations.

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And Lord knows I love to. But can we not make

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shit up? Is there any way to fix that? Do you

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think there's any way to get around that, Jay?

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Or are we fucking screwed? Or if somebody with

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a big enough following just says something, everybody

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takes it as gospel without looking into it at

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all. I mean, fuck, I think we're, uh, we're at

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least like fucked for the next, like, I would

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say four years because, you know, Facebook literally

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just undid their fact checking. Um, not saying

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it was probably perfect, but yeah, I, I don't

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know where we're kind of fucked. Um, cause I

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would say it's probably it's impossible to fact

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-check everything all the time and then you also

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have like people questioning freedom of speech

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like well you know Alex should be able to just

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to make a YouTube video where he just lies his

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ass off like 80 % of the time like that's his

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right for freedom of speech I don't really know

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but Yeah, they were just kind of fucked like

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you really need like a culture mind shift change

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however, I will say like the generation behind

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us is really tied into their heroes I think we

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covered this a few weeks ago like their heroes

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are not like Athletes or anything like that.

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They're content creators. They're they're getting

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their news from content creators. They're Looking

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at like what they should buy from content creators.

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So Yeah, I think they were kind of fucked I don't

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know I had to be dark like glue again Yeah, like

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if you're gonna look if you guys come across

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anything like that, and you're one of our viewers

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Shoot it to us in our discord server. I'd be

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happy to add it as a topic I will look into it

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right and here's the other thing that Jay and

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I both know how to do read a financial document

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right Walt Disney is a publicly traded company

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and Jay, chime in here if I get any of this wrong.

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They're required by law to submit financial documents

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every single quarter and then they submit what's

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called a 10K once a year, right? It is a federal

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law. They have to submit it. They can't lie,

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right? There is a process and a procedure and

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there's gap accounting and things like that.

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to make sure that they're not lying to their

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shareholders because it's a publicly traded corporation.

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Right. And believe it or not, and I'm actually

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going to tell you guys this, and I think Jay

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will back me up. Once you kind of get the basics

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down, it's not hard to read these. They're very

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digestible. Yeah. Right. I think like. The biggest

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thing if you're Because you're gonna you're gonna

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see pages and pages and pages of just numbers

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And you're probably gonna be wondering like is

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this good, you know like compared to other companies

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so My only advice is that there are like key

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financial ratios out there of like, you know

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What is good? So like Debt to revenue ratio or

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whatever earnings per share Yeah, you can Google

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those pull those up have those on the side kind

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of do these ratios for your own kind of research

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and then compare it to other companies to see

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like what is good for Like this market like what's

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the industry standard for this market? but yeah,

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other than that, like if you're just kind of

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curious like especially nonprofits, like if you're

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curious on how much a nonprofit, like how much

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percentage is going to salaries and stuff, you

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can easily pull that up and just look at it.

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So. Yeah. And here's the thing, fact check us

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fucking fact check us. Right. If you see something

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we put out there and you think it's wrong, come

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tell me why you think it's fucking wrong. I'm

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happy to listen. Right. We will get shit wrong.

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For sure. I've gotten shit wrong in the past.

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It happens. And again, go read the financial

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documents, right? There's some stuff, right?

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Highlights, other highlights from Disney stuff

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is that Moana really helped him out at the end

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of the year, that fourth quarter. Hoo boy. Moana

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made buttloads of money for them. What did they

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end up making at the box office? It's over a

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billion now. Yep Moana cost the billion mark

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a while ago They're just over a billion dollars

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worldwide On Moana to They made a lot of money

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last year they did really well and Disney stock

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is up as a result Right is they're going look

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we made all this money last year We're one of

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the only companies that had multiple billion

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dollar films But I think they were the only company

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that had multiple billion dollar films. They

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had three Last year, right because they had inside

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out to Deadpool and Wolverine and Moana to You

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could again and you can find some interesting

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stuff in there they spent a lot of money this

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year upgrading their parks They were like, hey,

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we're going to invest money in our parks and

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we're gonna spend a crap ton Right, but like

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they have to put down how much cash they have

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in the bank Right, like it's it's the law Like

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right now I know. That they have. Six billion

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in cash. Right now, that that's what they have

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in the bank. Right at the beginning of the period

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and at the end, they had five point five billion

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in cash, right? Yeah, Disney did well, so don't

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listen, don't listen to people like that. Okay?

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Let us know what you think. Is there any way

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to fix this goddamn misinformation and these

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people just popping off not knowing what the

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hell they're talking about? Or are we just screwed

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like Jay thinks? Let us know down in the comments

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below.