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

Dynamite TV Report for 04/24/2024

Venue: Daily's Place, Jacksonville, Fla. ***** To the Elite arriving earlier today with their belts.  Matt said he loved when Okada...

Dynamite to air live coast-to-coast tonight on TBS

AEW returns home to Jacksonville's Daily's Place tonight for Dynamite which will air live coast-to-coast due to other sports...

WWE 2024 Draft rules announced

WWE today published the 2024 Draft rules, with the two-night special taking place this Friday on Smackdown and Monday...

Discover more from Wrestling-Online.com

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

Continue reading