With ViacomCBS‘s March 23-24 stock plunge largely fueled by a gargantuan $3 billion equity offering, there’s another angle to the decline some Wall Street observers have suggested.
With Paramount + not living up to its hype, in their eyes, companies with heavy investments in streaming could suffer from slower-than-anticipated growth. While that’s a leap and based purely on speculation, some key radio station owners have been caught up in the sell-offs.
