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WWE Stock Drops Following Donald Trump Storyline

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WWE Stock Drops Following Donald Trump Storyline

Post by Deadpool on Wed Jun 17, 2009 11:26 pm

WWE stock dropped as much as 6.7 percent on Tuesday and at least one stock exchange analyst is blaming the Donald Trump storyline.

Maxwell Murphy of Dow Jones News Plus says: "For starters, public companies don't announce mergers and acquisitions involving one of their most lucrative brands as part of staged, circus-like events. And if, heaven forbid, they do, they certainly must file with alacrity an 8-K with the Securities and Exchange Commission to announce and explain the pact, which WWE hasn't done."

Murphy also noted that he contacted USA Network, which issued a press release to trumpet the storyline sale. "A USA spokesman referred questions to WWE about whether the release could mislead WWE investors who don't get the joke, or run afoul of Securities and Exchange Commission disclosure rules," continued Maxell. "An SEC spokesman wasn't familiar with the situation, but doubted the agency would have a comment one way or the other about the propriety of such a press release."

A WWE spokesperson noted that the Trump sale "will make for great television," but danced around directly admitting the sale was a storyline.

See everyone thinks this whole storyline is stupid.

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Re: WWE Stock Drops Following Donald Trump Storyline

Post by Rkolegend on Sat Jun 20, 2009 10:24 pm

Yea this was a really bad move on the behalf of WWE. They really made a huge mistake here so w/e now its done and u cant change it by whining.

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