- 0 Posts
- 4 Comments
Mercer@lemmy.zipto
No Stupid Questions@lemmy.world•$1.8 trillion was wiped out from the US stock market yesterday, where did it go?
11·4 hours agoI mean it is an approximation, repeatedly it has been shown that if another company wants to buy a publicly listed company they usually have to pay a premium to the market value = current stock price * number of shares so if anything that can be off by a bit more or less but is generally accurate, the main exemption to this being when a company has a very low float i.e SpaceX which only has 5% of its equity publicly tradable. Your second point is not typically what industry uses, usually we would use a optimized calculation between the current active highest bid and lowest offer. Your third point is abitrary, all things in our society are “valued” in an economic sense, by currency units of your choosing. There is often a discrepancy between public good and company value, but that is how people work. Gold was more valuable than food for peasants during feudal times or in USSR so it isn’t just Capitalism that makes this happen
Mercer@lemmy.zipto
No Stupid Questions@lemmy.world•$1.8 trillion was wiped out from the US stock market yesterday, where did it go?
11·4 hours agoBonds, cash and other countries stock market

Reminds me of that Charleston White clip were he sues every job he ever had for OSHA violations/retaliation or both. Giga chad