Walt Disney's share price has dropped to its lowest level in nearly nine years as the company struggles in the age of streaming, causing concern among investors. Throughout its history, Disney has adapted to new technologies and challenges, from embracing sound and color in the early days to later embracing computer-generated animation. Now, as the company turns 100, it faces the challenge of streaming and investors are closely watching how Disney will navigate this new landscape.
Customers enabled both.
Remember when people wouldn't buy garbage that didn't last, even if was cheaper?
Even today, you can choose to buy products that last longer than their competitors. But they will be more expensive and harder to find, so many people won't make that choice.