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WWE Loses 50 Million Dollars Thanks To Hulk Hogan On Friday

WWE is reporting that WWE lost $50 million on the stock market on Friday following the Hulk Hogan racist comments being released to the public stemming from a leaked sex tape.

Shares of WWE plummeted almost 4%, to $16.60.

Prior to the incident, WWE’s shares increased 14%, making shareholders $160 million richer.