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With minimum valuations of $1 billion each, that's well north of $129 billion in valuation that's about to go up in smoke. I know that's not an actual dollar a
by crystalmeph 11y ago
With minimum valuations of $1 billion each, that's well north of $129 billion in valuation that's about to go up in smoke. I know that's not an actual dollar amount invested in these companies, and in many cases is honestly just people proving they can add a few numbers together to make a billion, but a lot of real money is likely to be lost.
- twoodfin 11y agoJust for some perspective, the current market cap of the S&P 500 is north of $15 trillion dollars. It can gain or lose $129B worth of valuation on a not particularly remarkable trading day. Not that such a geographically and industrially concentrated collapse wouldn't be a big deal, and it surely would have broad secondary effects.