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Why Genius Brands Stock Plunged 25% Today

Why Genius Brands Stock Plunged 25% Today

Shares of Genius Brands International (NASDAQ: GNUS) shed a quarter of their value on Monday after the children's entertainment company said it will launch a major new business. On July 2, Genius Brands' stock soared after it promised to unveil an "exciting business development" on July 6. Genius Brands announced that it will create a new joint venture with Stan Lee's POW!