Why Genius Brands Stock Plunged Today

·2-min read
Why Genius Brands Stock Plunged Today

Shares of Genius Brands International (NASDAQ: GNUS) fell on Wednesday after the children's media company announced a major acquisition. Genius Brands agreed to purchase WOW! The Canadian animation company has a strong presence on popular social media sites such as YouTube and TikTok, which Genius Brands says will help it better appeal to teens and young adults.

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