WWE CEO Vince McMahon loses $350 million in 24 hours

www.thepostgame.com Published: May 20, 2014
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Even for someone who is familiar with beatings, Vince McMahon could not have been prepared for the drubbing that he had in store last week, according to ThePostGame.com.



According to Forbes, McMahon, the chairman and CEO of WWE, lost $350 million in a span of 24 hours.

The loss was the result of a few factors, including lack of confidence in WWE's new online streaming network and a somewhat lackluster new TV deal. The new online streaming network has only picked up 700,000 subscribers since launching, and WWE said it expects the network to lose between $45 million and $52 million this year.

H/T: Yahoo
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