Bob Iger steps down as Disney CEO, theme park data takes a hit
Bob Chapek is the new CEO of The Walt Disney Company ($NYSE:DIS), taking over for Bob Iger. Iger stepped down yesterday, and as such is the case for the company this year, the stock has been taking a bit of a beating, although we are confident that they'll all be fine in the long run.
We wanted to take a snapshot of the Iger era, and visualize some interesting tidbits we found that acts as a kind of devil's advocate to how well Disney has been doing these last few years.
The Disney stock made a 10% drop from February 19th to today. So before and after Iger's resignation doesn't bode well for the short term, but then again what company surges after getting a new CEO. The giant dip in employee count you see isn't a real reflection of what's going on with the staff count, LinkedIn just purged 20,000 accounts falsely saying they work for Disney. So the number you see after January 1st is the most accurate reflection within our data.
The week after Valentine's Day, the number of job postings fell almost 10% itself, although we're certain finding the new CEO was not through a job opening online.
The only thing out of the blue we found within the Disney data (which is otherwise stunning) is that Disneyland has been losing mindshare on Facebook. Likes have been going down over the last two years, and the Talking About count has lost 82.5% of its strength since 2017.
Didn't a new Star Wars section of the park just open recently? Before the Coronavirus scared everyone of traveling in large open public places?
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.