Despite Impressive Streaming Growth, ViacomCBS Remains A Tricky Bet
- Tuesday, August 11, 2020, 7:20
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ViacomCBS stock lost more than 73% of its value – dropping from $42 in January 2020 to $11 in March 2020. This was due to the Covid-19 outbreak and the resultant lockdown, which led to expectations of economic slowdown, and affected the company’s traditional business segments like cable and theater.
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