News Details

Share price of Formula 1 crashes and loses $300m in value today

The coronavirus is causing major problems. It has cancelled sports events worldwide as the virus continues to spread. Not only is it causing lifestyle problems, it's also hitting the global economy as people brace themselves. Stock prices are falling worldwide and Formula 1 is no different. Races in Australia, Bahrain and Vietnam are all in doubt after the Chinese Grand Prix was postponed in February.  That uncertainty was of course already there, but on Monday afternoon the share price of FWONK, the share of the Formula One Group on the Nasdaq, crashed. According to Formula money, the share price dropped four percent wiping more than $300m off its value.  In the past few...
Full Story »
4y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Hanoi Street Circuit ready for Vietnam Grand Prix

The Hanoi Street Circuit is physically ready to host the Vietnam Grand...
4y ago from FormulaSpy.com

Vietnam insist Grand Prix will go ahead despite...

Organisers of the Vietnam Grand Prix has insisted that the Grand Prix...
4y ago from GPBlog.com

Formula 1's Vietnam Grand Prix in doubt after ban on...

The Vietnam Grand Prix has been thrown into further down because the...
4y ago from GPBlog.com

Vietnam Grand Prix in doubt as Italian travel...

The Vietnam Grand Prix at a serious risk of cancellation as the Vietnam...
4y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...

Popular On GunnersToday.com

Aston Villa line up summer move for £60m Chelsea flop

Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
5h ago from CaughtOffside.com

Mikel Arteta says it is 'too soon' for £38m defender...

Arsenal manager Mikel Arteta has provided an injury update on summer...
5h ago from CaughtOffside.com

Comments

Hottest News

FIA announce crucial top three UPDATE in China after...

The top three drivers for Saturday's sprint race... Read More »
9h ago from GPFans.com

Hamilton dealt China blow after major FIA decision as...

Lewis Hamilton had pole position snatched away... Read More »
4h ago from GPFans.com

LIVE: 2024 F1 Chinese Grand Prix - sprint

Follow along with live coverage of the 2024 F1... Read More »
32m ago from RacingNews365.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.