It’s okay, it’s only pretend money.
Oh noes! 600 billion fluffybucks that only ever existed in the feverish fantasies of stock market analysts! Oh the humanity!
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.
