3 ms·
> ”Our civilization cares about whether Microsoft stock will be priced at $37.70 or $37.75 tomorrow afternoon.” i think it is worth noting that MSFT has about
by sigstoat 9y ago
> ”Our civilization cares about whether Microsoft stock will be priced at $37.70 or $37.75 tomorrow afternoon.”
i think it is worth noting that MSFT has about 7.72 billion shares outstanding; that $0.05 difference represents $386,000,000 in value. and that total market cap moving around is what matters. the stock could recombine tomorrow so the same $386M movement turned into a $100 swing in stock price, or split so that it became a $0.001 swing.