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Where Will Warner Bros. Discovery Stock Be in 1 Year?

TheMotleyFool

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Where Will Warner Bros. Discovery Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/715682/woman-glasses-pc.jpg

Warner Bros. Discovery (NASDAQ: WBD) had a rough start after being spun off as a stand-alone company last April. The media company, created by the merger of AT&T's WarnerMedia unit and Discovery, initially traded at $24.08 per share.

But as of this writing, it's only worth about $11. Warner Bros.' stock plummeted as investors fretted over its slowing growth, persistent losses, and chaotic cancellations of several high-profile projects. It seemed like Warner Bros. was more interested in burning the furniture to stay warm than creating new content for its cable TV, streaming, and theatrical businesses.

Image source: Getty Images.

Source Fool.com

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