4 ms·
The article says: "Investors responded by pushing Mitsubishi shares down by 10%. The fuel test scandal has now erased half of the company's market value, and i
by vhiremath4 10y ago
The article says:
"Investors responded by pushing Mitsubishi shares down by 10%. The fuel test scandal has now erased half of the company's market value, and its shares are sitting at a record low."
Shouldn't a 10% drop in their shares result in a 10% drop in the company's market value? Not 50%? I don't know much about this kinda stuff - please be chill.
- brobinson 10y ago"has now" = from first news of a scandal to this point The mentioned latest 10% drop brings them down to about 50% of their market cap before the scandal broke.