Hulk Hogan Scandal Costs WWE Shareholders $50 Million

– A new article in Forbes describes the financial impact of Hulk Hogan’s racism scandal. The article takes note of the fact that WWE stock has increased 14% since a Wells Fargo outperform recommendation, which was a $160 million gain for shareholders.

Then the scandal hit and the stock dropped 4% on Friday to $16.60, which was a loss of $50 million.