Yes, WWE lost $1.05 billion in one day — Market Mad House

World Wrestling Entertainment (NYSE: WWE) lost $1.05 billion in market capitalization in one day last week.

To explain, WWE had a Market Capitalization of $4.89 billion on 30 January 2020 and a market cap of $3.84 billion on 31 January 2020, MacroTrends estimates. Thus, WWE’s Market Cap fell by $1.05 billion in 24 hours.

Consequently, WWE’s stock price fell from $62.29 on 30 January 2020 to $49 on 5 February 2020. World Wrestling Entertainment had a market capitalization of $3.849 billion on 5 February 2020.