falken76 said:Wow, I didn't realize 120 Billion dollars with a "B" was pocket change. If I were him I can't help but think the thought "Damn 120 Billion lost in 1 day, that exceeds the value of Instagram by 20 Billion dollars!" and not "Oh well, it was 120 Billion, that's pocket change" would be running through my head when I was able to draw my focus off the many ulcers that developed over night.
In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.
This shareholder sees things differently:https://www.theglobeandmail.com/business/article-shareholder-suing-facebook-after-19-per-cent-stock-...I don't give 2 shits as long as it doesn't hurt Oculus R & D
I agree, it's the shareholders that become concerned. The problem with such huge corps now-a-days is some are approaching 1 trillion dollars, so even a small % drop can cause serious repercussions in the stock market for those who own much. One of my friends was loosing $35k per day during the last serious stock market crash...he has long since recovered...after riding through the storm. His comment was: 'If I don't have the cold hard cash in my hand, even though there is a digital number stating what I have...it can be gone in an instant...and there's no way of getting back unless something recovers'... That is the only way to really look at it, without worry, and to ride the stock market...it is very volatile. FB is a prime example of how things can change over night...and as large corps grow larger...things are just going to get all the more volatile for those who play the game.
Stockholders won't be happy with the CEO that is for sure, could this be the end of Zuckerberg, maybe.
It isn't going to affect bugger all.