$PSKY's taking a hit today. The catalyst? Netflix just sealed a massive $72 billion deal to acquire Warner Bros. Discovery—that figure includes their debt load. Traditional media consolidation waves are clearly rippling through crypto-related entertainment tokens. Markets don't wait for explanations.
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HodlAndChill
· 12-06 09:40
Nah, this time it's really traditional media profiting from the crypto circle. $PSKY is indeed having a rough time with this one.
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RegenRestorer
· 12-05 18:03
Honestly, the impact of this wave of Netflix acquisitions was really unexpected... Can PSKY still hold on?
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WhaleWatcher
· 12-05 18:02
Oh no, $PSKY dropped again. This time the stir caused by Netflix is really huge... $7.2 billion to swallow Warner Bros. This wave of consolidation in traditional media has completely overturned entertainment tokens, and the market doesn’t care how you try to explain it.
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Layer2Observer
· 12-05 18:02
Let me take a look at this data. Why would a $7.2 billion acquisition directly impact entertainment tokens... From an engineering perspective, the logic behind this is worth examining.
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Blockchainiac
· 12-05 17:59
No, this amount of money is enough for Netflix to buy ten more crypto projects... That's the gap.
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ConsensusDissenter
· 12-05 17:58
As soon as traditional media makes a move, we start panic selling over here. So funny.
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SorryRugPulled
· 12-05 17:49
Oh man, there's really no injustice in getting rekt this time. As soon as a traditional giant makes a move, the token price plummets. The Web3 entertainment sector is just too fragile.
$PSKY's taking a hit today. The catalyst? Netflix just sealed a massive $72 billion deal to acquire Warner Bros. Discovery—that figure includes their debt load. Traditional media consolidation waves are clearly rippling through crypto-related entertainment tokens. Markets don't wait for explanations.