>First, the company greatly missed on analysts predictions, falling $15 million to $17 million short on revenue, and losing about $8.4 million during the quarter as opposed to the $700,000 to $800,000 loss number that was projected.
> The stock, which earlier in the week topped the magic $100 per share mark, closed on 5/1 at $82.63 per share. It had a big decline after the telling results of the quarter, which continued for a few days. It started coming back but then fell another $1.22 per share on 5/1 after the announcement of the Saudi Arabia show. It left the company with a market value of $6.449 billion.
> Still, the company’s long-term economics are no different today than they were a few weeks ago. But for the first time, the stock market analysts did start to notice what fans have noted for years, that the real economic engagement metrics and metrics of paying popularity are declining at a significant rate, and getting worse.
>The problem is that, while fans know there are issues with the company, when it comes to creative, creating stars and connecting with a very unique audience, many others have been buffaloed for years with the fake stats that, quite frankly, a lot of investors are buffaloed by. But in this case reality hit. All those billions of social media followers and trillions of YouTube views, yet all that does is expose how meaningless those numbers are when every single aspect of consumer spending on business was way down even without figures in those categories comparing favorably to even people like the NFL and NBA.
> They put over that things are changing because they’ve brought up so many new people from NXT who are just starting, except they’ve already squandered almost all of them. The only two they’ve gotten behind were Lars Sullivan and Lacey Evans, which says where the mentality about new stars is, exactly like 30 years ago, a freakish body in guys and below average work and above average looks for women.
absolutely BASED