Forbes: Hulk Hogan comments cost WWE $50 million

Forbes.com has a new article up about WWE stock dropping four percent on Friday to $16.60 a share, losing their shareholders an estimated $50 million due to the story that broke about racist remarks by WWE Hall of Famer Hulk Hogan on a sex tape filmed back in 2006 that is part of an ongoing lawsuit with Gawker.com.

National Enquirer and Radar-Online, who jointly broke the story on Friday, have since stated that there will be more stuff from the Hogan sex tape that will shine Hogan in a negative light to come in the coming days and weeks.

Forbes.com: Hulk Hogan Controversy Costs WWE $50 Million

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