WWE Stock Tanks Following Network # Announcement

News
Apr 7, 2014

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.

Although the number may sound good, it’s not what the company really wanted. The internal hope was for around one million by today.

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