Loduz_247@lemmy.world to Bluesky@lemmy.worldEnglish · 9 days agoA million dollars can do nothing or harm in unimaginable ways.lemmy.worldimagemessage-square38fedilinkarrow-up1338arrow-down13
arrow-up1335arrow-down1imageA million dollars can do nothing or harm in unimaginable ways.lemmy.worldLoduz_247@lemmy.world to Bluesky@lemmy.worldEnglish · 9 days agomessage-square38fedilink
minus-squareOpinionhaver@feddit.uklinkfedilinkEnglisharrow-up12·8 days agoLosing 250 billion in market value is not equivalent to losing 250 billion in cash. You only lose money in stock trading when you sell at a loss.
minus-square_stranger_@lemmy.worldlinkfedilinkarrow-up5·edit-28 days agoUnless you’ve used that stock as collateral for a loan, which billionaires love to do, because they always assume stock goes up and future them will pay the bill with less stock than today them would have to pay. But woe be unto them if stock go down enough.
Losing 250 billion in market value is not equivalent to losing 250 billion in cash. You only lose money in stock trading when you sell at a loss.
Unless you’ve used that stock as collateral for a loan, which billionaires love to do, because they always assume stock goes up and future them will pay the bill with less stock than today them would have to pay.
But woe be unto them if stock go down enough.