Walt Disney (DIS): Profitability Vs Streaming Subscribers

<p>Walt Disney (DIS) held its first employee town hall since the return of the boomerang CEO Bob Iger. Bob Iger said that the hiring freeze will remain in place as the company will prioritize profitability over growing streaming subscribers. DIS stock price today is down over 1% so far. Walt Disney (DIS) will also not be doing any acquisitions in the near future. Jenny Horne weighs in.</p>