3 ms·
Because market cap is Number of outstanding shares * current market price. If Apple sold 90% of their shares in a day, the price would be close to 0.
by mkirklions 8y ago
Because market cap is
Number of outstanding shares * current market price.
If Apple sold 90% of their shares in a day, the price would be close to 0.
- che_shirecat 8y agominor nitpick, but Apple (the publicly traded corporation) by definition does not own any shares outstanding and therefore would have none to sell. But yes, if 90% of Apple shareholders sold in a single day, something would be terribly wrong.