• Diplomjodler@lemmy.world
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    2 days ago

    Oh noes! 600 billion fluffybucks that only ever existed in the feverish fantasies of stock market analysts! Oh the humanity!

  • The Snark Urge@lemmy.world
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    3 days ago

    The thing about market cap is that it’s kinda not real. You think Rivian was ever worth 130 billion dollars, for example? Nah.

    Nvidia has only lost about the last three months of stock gains. It’s quite bad, and they’ll cry, but they’ll be fine in the long term.

    • Rob Bos@lemmy.ca
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      2 days ago

      They really need to change how market cap is calculated. Even a linear function going to zero as the last share is sold would be better. I wonder.

      • The Snark Urge@lemmy.world
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        2 days ago

        I think it would make more sense to have good journalism and honest coverage of markets, and an informed, financially literate populace. While I’m at it I want a pony who cleans the dishes and shits sunglasses.

    • veroxii@aussie.zone
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      2 days ago

      Well yeah. The market cap is all the stock x the current market price. But if even a few % of people sell then the price will drop. You can never sell everything at the top price.