Vince McMahon sells 1.5 million shares of stock

[Lance Uppercut]

fightnetwork.com/law/aug-17-news-update-vince-mcmahon-sells-1-5-million-shares-of-stock/

And yet it only amounts to about 2%.

Damn, how many stocks are there and how much must the be individually worth?

[Famous Rocking Chimes]

Is there something we should maybe look into here? I'm not into the financial industry at all but Vince selling stocks surely must mean something happening with the company?

[Big Bad Kahuna]

Is Vince stepping down? Selling WWE to Disney? Wtf is going on today?

[thetower52]

Was Vince at tv this week?

[Perd]

ADR and Paige thought Vince was selling rock and got eco item.

[Deleted]

Might just be something he wants to buy but doesn't want to take the full hit on, like Stephanie sold a f***ton of stock before buying a new house.

[Lance Uppercut]

Aug 17, 2016 17:36:17 GMT -5 Lizuka #BLM said:

Might just be something he wants to buy but doesn't want to take the full hit on, like Stephanie sold a f***ton of stock before buying a new house.

Didn't he build his mom a tennis court or something last time?

I remember being shocked that his mother was still alive

[Deleted]

He sold WWE shares because stock in "MY HOUSE" realestate just rock bottomed...

[Ishmeal Loves Kaseyhausen]

This is the second time this year he's sold stock. I had to check, but in May he sold 2.19 million shares. He still owns over 35 million shares. 35,533,375 exactly. So at today's closing price, Vince still has over $745 million in stock.

[Mister Pigwell]

Clearly this is the end times.
Or he just wanted a new blinged out snowcone machine made of sapphires.

["Gentleman" AJ Powell]

Aug 17, 2016 17:43:38 GMT -5 Mister Pigwell said:

Clearly this is the end times.
Or he just wanted a new blinged out snowcone machine made of sapphires.

Honestly, if we don't get a news item saying something like this in the next few days, I'll be disappointed. That, or he's bought a few franchises in a Burrito restaurant, but he's renaming all the burritos to "Steak wraps" with various things.

[slappy]

[Dub H]

He is old and probably figures he doesn't has to latch on his stock anymore,better spend what he can before parting ways

[Oh Cry Me a Screwball]

Wow, I can't believe Vince just sold $1.8 million of his WWE stock.

[Joe Neglia]

I'm not terribly knowledgeable on how stocks work, but last I heard, he owned 52% of the stock (which appears to be backed up on the company's Wikipedia page). If he sold 2%, doesn't that mean he no longer has full say, since he's dipped beneath the 51% needed to keep that position?

[r.]

Vince is going to buy the tape library of G.L.O.W and give the fans the dvds they have been wanting all these years.

[Harry The Arrow was Wrong!]

Aug 17, 2016 17:31:47 GMT -5 thetower52 said:

Was Vince at tv this week?

According to Meltz, he was.

[Mayonnaise]

Aug 17, 2016 18:10:18 GMT -5 Joe Neglia said:

I'm not terribly knowledgeable on how stocks work, but last I heard, he owned 52% of the stock (which appears to be backed up on the company's Wikipedia page). If he sold 2%, doesn't that mean he no longer has full say, since he's dipped beneath the 51% needed to keep that position?

Of the voting shares he would still have the most by far, it would take several of the others with voting shares to over rule him.

WWE is divided into A stock and B stock, A is the voting shares and B is what is traded. I think what Vince sold becomes B stock. Of the A stock, there are a limited number of people that hold those shares so it would take 4 or 5 of them to come close to out voting him.

[Sponsored by Groose Wipes]

He's going to start his own Winter baseball league. Get ready for the XBL!

... no not Xbox Live.

[Ecks Ecks Ringout Ecks Ecks]

Misheard and misreported. He's actually selling 1.5 million pairs of socks.

Selected to coordinate with his outfits over the years, the socks are in various shades of coral, salmon, baby blue, and of course an assortment of rare Zubaz prints from the studio audience Prime Time Wrestling era.