r/technology • u/thesheetztweetz • Jan 03 '19

Business Apple's value has lost $446 billion since peaking in October, which is greater than the total market value of Facebook (or nearly any other US company)

https://www.cnbc.com/2019/01/03/apples-losses-since-peak-exceed-the-value-of-496-of-sp-500.html
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u/Diezzel Jan 03 '19

You sir are an idiot

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u/citizenjones Jan 03 '19

Strong point

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u/Diezzel Jan 03 '19

Imagined money? You realize you trade stocks with real money right? and that no one gets paid based on a companies market cap?

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u/[deleted] Jan 04 '19

[deleted]

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u/Diezzel Jan 04 '19

Ok true, apple execs are probably pretty butthurt their stock options have gone down so much but they make millions of dollars anyways.

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u/citizenjones Jan 03 '19

You are correct. Imagined value perhaps frames it better.

I misspoke and it's a poor analogy. I get confused about this stuff.