JerseyBoy23
Veteran
basically investors were disappointed that the tv deal wasn't 2-3 times more than the last time and only 50% more and this was because analysts set those expectations before hand, they also fear that the subscription money isn't as much as they once thought
so since Vince owns 52% of the stock he lost a large chunk of that when the price of the stock tanked today. I think Vince will be fine the market works like that its about expectations but it has no effect on actual revenue's generated by the company and Vince won't ever sell that 52% share anytime soon anyway if ever and it will be gifted to his family before death or put into a trust
Makes sense. I guess I was just thinking any money he lost today was gained in the last few months anyway though.