paramountglobal
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PARA stock drop bodes poorly for other streaming businesses as dividend cut reflects fundamental challenges ahead Amid another soft session on Wall Street Thursday, Paramount Global (NASDAQ:PARA) incurred the brunt of the volatility, with PARA stock cratering to the tune of over 28% against the prior session. Primarily, Paramount delivered disappointing results with its first quarter of 2023 earnings report, casting a dark cloud over the Hollywood machinery already beset by a writer’s strike. In particular, investors question the viability of streaming businesses. On the top line, the mass-med...
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