1. $50 Million After Hulk Hogan Says "F****** N******" - July 24 2015
When The National Enquirer revealed Hulk Hogan had been caught on tape saying racist slurs, it sent WWE stock plummeting 4%. That resulted in a loss of $50 million. WWE had looked to avoid any impact, firing Hogan the day before the news broke. They also removed him from across the company, even deleting his Hall Of Fame page. But inevitably the stock still took a hit, whacking Vince McMahon's aspirations of getting back to billionaire status. But all is not lost. Before the drop, the stock had increased 14% due to a Wells Fargo "outperform" recommendation, which was a $160 million gain for shareholders. The outlook on the stock is actually fairly positive right now, with analysts getting behind the idea that WWE Network is going to be a huge success.
