Comments by "" (@TheDavidlloydjones) on "Adam Conover"
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Luke, Well said -- on an important point.
When a huge "market cap," the arithmetically calculated stock-market valuation, of a company evaporates, no, that isn't a measure of how much money people have lost. It's a measure of how much of some index people will now have to re-evaluate.
If there are a thousand shares of a company with a stock price of $100 out there, the market cap at that moment is $100,000. If the price changes to $101 or $99, the market cap is now $101,000 or $99,000. Nobody has gained or lost any money, yet.
If one person buys a share at the new price of $101, there are 999 shares out there whose ^price* has gone up a dollar -- but nobody has gained a dollar unless they can find smebody to buy from them at the new price.
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