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Post by This Player Hating Mothman on Feb 15, 2022 0:52:20 GMT -5
It'd be funny if people believed the story was real if not for WWE having tried to convince people it was by treating it in real life like a real move. That was a boneheaded move that was always going to end poorly. I wonder if for some people it was even just a matter of "this is dumb and I don't want my money in a company pulling this clown shit and spooking investors" I imagine the SEC started sniffing around too, which would be cause to drop it. What WWE did, not only releasing a presser but doing so through an investment line rather than like a kayfabe Newsweek article, is actually an SEC violation. You aren't allowed to make 'materially false statements' as a publicly traded company and it doesn't matter if you're doing fraud or telling a story on that front. That's just not leadership you wanna keep your money in, y'know?
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Cranjis McBasketball
Crow T. Robot
Knew what the hell that thing was supposed to be
Peace Love and Nothing But
Posts: 41,935
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Post by Cranjis McBasketball on Feb 15, 2022 0:54:15 GMT -5
I imagine the SEC started sniffing around too, which would be cause to drop it. What WWE did, not only releasing a presser but doing so through an investment line rather than like a kayfabe Newsweek article, is actually an SEC violation. You aren't allowed to make 'materially false statements' as a publicly traded company and it doesn't matter if you're doing fraud or telling a story on that front. That's just not leadership you wanna keep your money in, y'know? Randolph and Mortimer lost their asses.
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Post by jason1980s on Feb 15, 2022 11:48:29 GMT -5
I stopped watching WWE in 2002/2003 but for some reason I wound up watching this segment when it was on. I knew it would go badly too. I only knew Donald Trump for the bankruptcy (something he has in common with Vince) and also for him appearing on a few early Wrestlemanias but I knew it wouldn't be a good thing for WWE.
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Post by Hulkshi Tanahashi on Feb 16, 2022 0:10:09 GMT -5
Leave it to WWE to book a storyline so bad it lowered their stock prices. I mean, they didn't think to consult anyone on the business side of things about this.
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Post by This Player Hating Mothman on Feb 16, 2022 2:03:55 GMT -5
Leave it to WWE to book a storyline so bad it lowered their stock prices. I mean, they didn't think to consult anyone on the business side of things about this. That's the problem with WWE. The guy who writes the show is the business side of things.
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MolotovMocktail
Grimlock
Home of the 5-time, 5-time, 5-time, 5-time 5-time Super Bowl Champion 49ers-and Wrestlemania 31
Posts: 13,969
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Post by MolotovMocktail on Feb 16, 2022 2:23:32 GMT -5
I still can't believe the stock fell as a result of the storyline. Wallstreet are a bunch of marks. It wasn't the first time a storyline impacted the stock. Vince's "death" in the limo bombing and him being forced out as Chairman also sent the stock down the next day. But in the Trump scenario, any believability was killed when the arena had WWE branding all over it despite Trump having purchased it the week earlier.
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Post by Cyno on Feb 16, 2022 2:52:56 GMT -5
Trump was born to be a wrestling promoter, he's insane, no good at anything but self promotion and frequently stiffs anyone dumb enough to work for/with him. Dan Soder did a good bit about how similar Trump was to a wrestling character.
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Post by The Thread Barbi on Feb 16, 2022 5:36:31 GMT -5
Trump was born to be a wrestling promoter, he's insane, no good at anything but self promotion and frequently stiffs anyone dumb enough to work for/with him. Eric Bischoff alluded to a WWE Hall of Famer running the country during his TedX speech because he's master the art of evoking emotion through promos. I'd actually be interested in a Trump led wrestling organisation as competition to WWE and AEW.
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Post by The Dark Order Inferno on Feb 16, 2022 6:18:48 GMT -5
Trump was born to be a wrestling promoter, he's insane, no good at anything but self promotion and frequently stiffs anyone dumb enough to work for/with him. Eric Bischoff alluded to a WWE Hall of Famer running the country during his TedX speech because he's master the art of evoking emotion through promos. I'd actually be interested in a Trump led wrestling organisation as competition to WWE and AEW. I can't imagine talent lining up for that, even without the politics and reputation damage they'd suffer, everyone knows he'd stiff the talent continually and tell them to sue if they're unhappy because that's what he does, something he's proud of doing.
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fg
Unicron
Gaming
Posts: 2,967
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Post by fg on Feb 16, 2022 7:46:12 GMT -5
I find it very funny that this idea that Vinny Mac had that he thought was going to give WWE major publicity, backfired massively almost INSTANTLY.
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Post by Feyrhausen on Feb 16, 2022 8:35:07 GMT -5
I find it very funny that this idea that Vinny Mac had that he thought was going to give WWE major publicity, backfired massively almost INSTANTLY. Vince is really not a good businessman. It took someone like Khan to show him how things should be run, at least according to Wall Street standards.
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msc
Dennis Stamp
Posts: 4,452
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Post by msc on Feb 16, 2022 8:48:34 GMT -5
I know Austin stunned Trump after the WM hair vs hair match but, did Vince ever get one up on Trump? All the things I remember felt like it was Vince the one getting embarrassed I recently read JR's second book and when he talks about the BOTB, he mentions that he heard Trump say to Vince that he didn't want to be embarrassed and Vince assured him he wouldn't look bad. So I imagine it was just Vince playing it safe to placate Trump's ego.
I'll be very careful to stick to the board rules with phrasing here, but this does sum up the McMahon/Trump relationship since the 80s. It's very much a one way street which benefits Trump.
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fg
Unicron
Gaming
Posts: 2,967
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Post by fg on Feb 16, 2022 10:43:07 GMT -5
I find it very funny that this idea that Vinny Mac had that he thought was going to give WWE major publicity, backfired massively almost INSTANTLY. Vince is really not a good businessman. It took someone like Khan to show him how things should be run, at least according to Wall Street standards. It’s too bad that it’s not Tony Khan and it’s also too bad that this Nick Khan has earned the reputation of being bad.
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Post by Cry Me a Wiggle on Feb 16, 2022 14:42:18 GMT -5
The storyline also made no credible sense. McMahon sells Raw to Trump, but Raw is still a WWE brand? Ignoring the layers of idiocy that were inescapable even if the logic was more ironed out, how the hell was that supposed to work?
WWE has always been terrible at going outside their wheelhouse and portraying a takeover angle, whether it's the Invasion, their take on the nWo, or this garbage. The only difference being that in this case, Trump was made to look like the coolest, craftiest businessman on the planet and McMahon was made to look like the fool.
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Post by crowley1986 on Feb 16, 2022 15:42:28 GMT -5
I still can't believe the stock fell as a result of the storyline. and people wonder why the cater to the stockholders...it was the worst thing that they could ever do - creatively wise - go public
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Post by Cyno on Feb 16, 2022 15:46:32 GMT -5
I still can't believe the stock fell as a result of the storyline. Only because WWE worked themselves into a shoot, brother. Like, they tried so hard to sell the storyline as something that was actually happening that it backfired in a most spectacular way.
Basically, this:
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Post by A Platypus Rave on Feb 16, 2022 15:49:56 GMT -5
I still can't believe the stock fell as a result of the storyline. Only because WWE worked themselves into a shoot, brother. Like, they tried so hard to sell the storyline as something that was actually happening that it backfired in a most spectacular way.
Basically, this:
Yeah, they didn't just publush a story on the website they used like their usual business line to promote the storyline... from what I remember...
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Feb 16, 2022 17:26:04 GMT -5
I find it hilarious that stocks plummeted due to the announcement since Trump was still seen as a joke in the business world even back then. The guy was viewed as a joke my entire life. Which makes how things turned out even crazier.
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Post by XaviersSS2015hair on Feb 17, 2022 0:23:36 GMT -5
Eric Bischoff alluded to a WWE Hall of Famer running the country during his TedX speech because he's master the art of evoking emotion through promos. I'd actually be interested in a Trump led wrestling organisation as competition to WWE and AEW. I can't imagine talent lining up for that, even without the politics and reputation damage they'd suffer, everyone knows he'd stiff the talent continually and tell them to sue if they're unhappy because that's what he does, something he's proud of doing. I know at least one guy that would want to be a part of it. I can read the announcement now "Jaxson Ryker aka F'n Gunner is All Trump!" He worked for TNA in the past so he's used to working for no pay anyway.
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Post by Kevin Hamilton on Feb 17, 2022 2:14:40 GMT -5
Man did I hate seeing that sonofabitch show up on my rasslin TV screen well before anything political. Just an absolutely miserable human being even just as a game show host.
Made that whole year unwatchable.
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