CNBC Insults Pro Wrestling And its Fans
CNBC recently posted an article on the current rise of the WWE stock. To say that it is unflattering world be an understatement. Here is what this bias and insulting writer had to say.
"Good news for "professional” wrestlingfans: No, it's not actually real. However, now you can enjoy wrestling 24 hours a day, seven days a week from the comfort of your parents' basement."
Portfolio manager John Stephenson said the following about WWE stocks:
"I think they're already on the top rope after that 111% increase last year. There's nowhere to go but down. The core business is just deteriorating. You don't have enough young men looking at wrestling with its scripted program. You're looking at a model that's in decline and valuation is stupidly high."