WWE stock taking a beating today

[HPC]

UPDATE: As of noon ET, the WWE stock is down a total of $5.72 (20.41%).

ORIGINAL Earlier today, WWE announced that they currently have 667,287 subscribers for the WWE Network after 42 days of operation. They also stated that the Network was well on its way to reaching its goal of 1 million subscribers by the end of 2014.

This announcement has not impressed Wall Street. So far for today (10:25 AM ET), WWE’s stock is down over 14% ($4.04) to $23.99.

 

[Super Mario]

My God, WHY?!?!?


That was the best WrestleMania in 30 years!

 

[HPC]

My God, WHY?!?!?


That was the best WrestleMania in 30 years!

It's because of the amount of network subscribers is much lower than anticipated

 

[Hawk8]

I kept meaning to sell my stock last week, this is exactly what I get, ugh

 

[Weimer]

I'm sure the stock will rebound.