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Stock impact report

There isn’t even a cynical explanation for Jeff Bezos destroying The Washington Post [Verge, The]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Verge, The
Owner Jeff Bezos, who purchased the legendary publication in 2013, has driven his reputation into the ground by using his vast empire to churn out content designed to make President Donald Trump happy: Amazon MGM Studios spent $40 million to produce a fawning documentary about Melania Trump, which premiered days before the Post sent out mass layoff notices. And yet, he's gotten nothing out of his attempts to suck up to Donald Trump — at least, nothing that's a net positive to his bottom line Which begs the cynical question: Why does he even own The Washington Post at all? The Trump era is, after all, a cynical and transactional time. Billionaires, CEOs, and world leaders have quickly learned that sucking up to Trump will get them what they want — pardons, tariff exemption, an export control lifted, a merger deal approved, an investigation quashed. And when it comes to media companies, the Paramount-Skydance merger has set the bar for sucking up to Trump. In order for the merger to Show less Read more
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