Disney, the fairy tale kingdom, has been plagued with negative news recently. First, tourists have been accused of forbidding to bring their own food to court. Now, former employees have accused Disney of financial fraud.



According to foreign media reports, a senior financial analyst who worked at Disney for 18 years reported to the Securities and Exchange Commission that employees in Disney Park and resort businesses used accounting software vulnerabilities to falsify billions of dollars in revenue. Disney officials responded that the former employee filed an unreasonable claim against the company after his dismissal and cancelled the quality control in 2018, so a Disney spokesman said that "no longer comment on his unfounded remarks."


As a result, Disney's stock price fell from $136.65 to $134.28 in midday trading, instantly falling to $4.3 billion, or more than 30 billion yuan.

On the 20th, Disney opened sharply lower, once down more than 1%, but the decline narrowed somewhat. By the time brokerage China issued its paper, Disney's share price had turned red.

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