alessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 3 months agoNvidia Stock Crashes 17%, Wiping Out $600 Billion in a Single Dayuk.finance.yahoo.comexternal-linkmessage-square7fedilinkarrow-up1163arrow-down16
arrow-up1157arrow-down1external-linkNvidia Stock Crashes 17%, Wiping Out $600 Billion in a Single Dayuk.finance.yahoo.comalessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 3 months agomessage-square7fedilink
minus-squareBrave Little Hitachi Wand@lemmy.worldlinkfedilinkEnglisharrow-up43·3 months agoThe 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.
minus-squareedgemaster72@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·3 months ago“Long term? But I want all the money now!”
minus-squarejballs@sh.itjust.workslinkfedilinkEnglisharrow-up9·3 months agoThis is such a concise and accurate description of everything that’s wrong with corporations.
minus-squaremnemonicmonkeys@sh.itjust.workslinkfedilinkEnglisharrow-up3·3 months agoOr at least publicly traded corporations
minus-squareRob Bos@lemmy.calinkfedilinkEnglisharrow-up6·3 months agoThey 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.
minus-squareBrave Little Hitachi Wand@lemmy.worldlinkfedilinkEnglisharrow-up8·3 months agoI 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.
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.
“Long term? But I want all the money now!”
This is such a concise and accurate description of everything that’s wrong with corporations.
Or at least publicly traded corporations
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.
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.