Shareholders in Walt Disney (NYSE: DIS) are in the red if they invested three years ago

The Walt Disney Company has been a popular investment for many years, but recent performance has been disappointing.

Shareholders who invested three years ago are now underwater, as the stock price has fallen by more than 40% since then.

There are a number of factors that have contributed to Disney's recent struggles, including the COVID-19 pandemic, which has led to the closure of theme parks and other businesses.

Disney has also been facing increased competition from streaming services, such as Netflix and Amazon Prime Video.

This has led to a decline in viewership for Disney's traditional television channels, and has made it more difficult for the company to grow its revenue.

In addition, Disney has been criticized for its handling of certain issues, such as its response to the Black Lives Matter movement.

This has led to some consumers boycotting Disney products and services.

Despite these challenges, Disney remains a strong brand with a loyal following.

The company is also taking steps to address its challenges, such as investing in new streaming content and expanding its theme parks.

It is possible that Disney's stock price will rebound in the future, but investors should be aware of the risks involved before investing.

Here are some additional details about Disney's recent performance:

• The company's revenue fell by 13% in fiscal 2020, to $65.4 billion.
• Net income fell by 97%, to $2.6 billion.
• The stock price has fallen by more than 40% since the beginning of 2018.

It is important to note that past performance is not necessarily indicative of future results.