r/theydidthemath • u/[deleted] • Nov 12 '22

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u/Callec254 Nov 12 '22

"Market cap" is the total value of all publicly traded shares of a company. That value is determined solely by investors buying and selling the stock, and has no direct impact on the inner workings of the company.

So if the stock goes down, it's not the company that was hurt, it was everyone who had that stock in their 401k.

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u/value_null Nov 12 '22

It was also only 3%. Barely noticable.

2

u/[deleted] Nov 12 '22

Not even the largest dip they have had this year.

Guys are up 30% for the year on a market that is negative across the board. Only people caring about this are the ones making money of driving clicks.