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Fox Corp suffers massive share price drop on news of Tucker Carlson's departure [1]

['Mark Frauenfelder']

Date: 2023-04-24

A cascade of misfortune, with Tucker Carlson at its epicenter, has washed over Fox News, leaving the once-great Goliath struggling to regain its balance. Tucker Carlson, the channel's star propagandist, cost his employer an astounding $700 million when his libelous tirades against Dominion Voting Systems sparked a lawsuit of epic proportions. Today, his firing dealt another blow to the parent corporation, eroding $700 million in market capitalization. As dangerous as he was to the company, the unctuous soothsayer's lies and hyena-like laughter lured the captivated masses to their screens, craving their daily dose of amygdala stimulation. Now, without him, the media empire teeters on the brink of collapse.

Consolation prize for @TuckerCarlson: firing him reduced the value of Fox Corp by $700 million. For the moment. pic.twitter.com/mAZInlwdjj — Kurt Andersen (@KBAndersen) April 24, 2023

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[1] Url: https://boingboing.net/2023/04/24/fox-corp-suffers-massive-share-price-drop-on-news-of-tucker-carlsons-departure.html

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