WWE stocks are soaring

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WWE stocks are soaring

Vince McMahon's retirement from WWE, announced last Friday before SmackDown has shocked the entire world of wrestling and beyond. The news was reported by any media source and beyond, followed today by the announcement of a new promotion for Triple H: the multiple world champion will be at the head of the creative team.

Vince's decision, certainly forced by the controversies of recent months, has had positive effects on the Company's shares on the stock exchange and its economic status in general. On Friday they were around $66.21, while on Monday, they were at $71.68: an increase of over 8%, therefore, in the last few days.

WWE stocks are soaring

But that's not all, because today the WWE also announced an increase in financial data for the second quarter. The communication was signed by Stephanie McMahon and Nick Khan, now both CEOs of the company.

Some crew members remain skeptical of Vince's departure, while others expect big changes in the short term. According to some sources, moreover, other scandals should end. The news of Hunter's new promotion was instead enthusiastically received by fans and professionals.

All eyes were now on this week's Monday Night Raw, live from Madison Square Garden and already Sold Out, which will in effect be the first of the post-Vince McMahon era. It would seem instead that in the "new" WWE there is no longer any place for Shane: relations with Stephanie would not be idyllic and their ideas on how to manage the Company's product, and not only, would be conflicting.

On the other hand, Paul Heyman was different: the former head of ECW would have made excellent contacts with Vince's daughter and could receive an important position in the future that goes well beyond his on-screen role as manager of Roman Reigns.

WWE legend Booker T has shared his thoughts on Vince McMahon stepping away from the wrestling business. "I didn't see it coming. I thought Vince was gonna run until at least 80. It's almost like [when] wrestlers wanna have that 20-year run.

Bosses, you know, they wanna have that 80-year run... I can publicly say thanks to Vince McMahon. I say thank you, just for taking care of me and giving me a job, you know, taking care of my family. Putting me in a good position, always putting me in a good light."