WWE Replica Titles

-

WWE stocks take a massive beating on Wall Street

WWE stocks took one hell of a beating on Wall Street today after they announced the WWE Network subscribers count, obviously falling behind Wall Street’s expectations.

Stocks opened the day at $27 and went down to $21.73 before going back up to $23.90 for a drop of 14.7%. Stocks continued to slide in after hours trading, losing an additional 1.21% to finish off at $23.61.

The post-WrestleMania sell off certainly doesn’t bode well for the company as it shows that investors have no high expectations that WWE will eventually break even or make profit off the Network as previously thought.

WWE has said that it will need 1 million subscribers to break even on the Network and hoped to reach that number by the end of 2014.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Pre-sale for Clash at the Castle: Scotland kicks off this morning

The pre-sale for the Smackdown and Clash at the Castle: Scotland combo tickets kicked off this morning at Ticketmaster...

First three Superstars enter the King of the Ring tournament

Three WWE Superstars have put their name up for the King of the Ring tournament, a premium live event...

Cody Rhodes to have a cameo in new Naked Gun movie

British tabloid newspaper The Daily Mail is reporting that WWE champion Cody Rhodes has been cast in the upcoming...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading