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by primer42
219 days ago
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> And then there’s Microsoft, which—despite being one of the most powerful and prominent companies in Silicon Valley—seems to be having one of its biggest losing streaks ever. Bloomberg reported Friday that its stock had slumped 8.6 percent over eight days, a decline that evaporated some $350 billion in market valuation. I find it strange and upsetting when articles talk about the "evaporation" of "market valuation". Market value is already meaningless vapor - it's not like real money was created when the stock price went up, nor has anything of concrete value disappeared. |
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