Vince McMahon loses $350 Million in one day

[ThrillaHog]

http://www.thepostgame.com/blog/dish/201405/wwe-ceo-vince-mcmahon-loses-350-million-third-his-fortune-one-day

This WWE Network has really cost vince some major major coin. This along with the T.V. deal that was way less than forecasted has cost vince a total of about $700 Million. The "Genetic Jackhammer" is no longer a billionaire.

[Hogwop]

Wow! Kind of surprising to see them take such a big loss. I've been pretty pleased with the product they've been putting out this year so far (at least compared to the past 5 years or so) and figured they'd take a hit but not near as bad as this.

[Eddie Goodson]

Technically, he is about where he was a short time ago. The stock inflated and then went back down once the tv deal was less than expected.

[Richard_white]

This is will hurt WWE Network subscribers in the long run.  The product as a whole is not worth more than what I'm paying for it already.  If it goes up I will drop it once the 6 months is over.

[hogsanity]

The stock drop had little to do with the Network, and ALOT to do with the new tv deal. Analysts were expecting the deal to be anywhere from 75% to 150% increase over the previous deal, but ended up being only about a 50% increase.  Wall Street does not like surprises like that.