Saturday, July 25, 2015

Hogan Costs WWE $50,000,000

Forbes.com has a new article up about WWE stock dropping 4 percent on Friday to $16.60 a share, losing their shareholders an estimated $50 million due to the story that broke about racist remarks by WWE Hall of Famer Hulk Hogan on a sex tape filmed back in 2006 that is part of an ongoing lawsuit with Gawker.com. National Enquirer and Radar-Online, who jointly broke the story on Friday, have since stated that there will be more stuff from the Hogan sex tape that will shine Hogan in a negative light to come in the coming days and weeks.

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