Time Warner, which owns CNN, saw the power of Trump’s comments and that of the American people; for that matter. After calling CNN ‘fake news’ at his first press conference since becoming President-elect, the media conglomerate saw a fall in their stocks. This is incredible.
Media conglomerate Time Warner, which owns CNN, saw its stocks fall Wednesday after President-elect Donald Trump labeled the outlet “fake news,” a CNBC reporter says.
According to journalist Carl Quintanilla, the shares took a noticeable dip during the president-elect’s first news conference moments after Trump refused to answer questions from CNN Senior White House Correspondent Jim Acosta.
Steve Kopack, a social lead for CNBC’s breaking news desk, also stated that shares “fell to session low.”
While the dip was just “1.2%,” Kopack asserted the incident showed the “power of Trump’s comments.”
— Carl Quintanilla (@carlquintanilla) January 11, 2017
— Steve Kopack (@SteveKopack) January 11, 2017