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They're worth that. It doesn't mean anything until that is converted into cash. So their wealth increase or decrease isn't coming at the expense of everyone els
by bravo22 6y ago
They're worth that. It doesn't mean anything until that is converted into cash. So their wealth increase or decrease isn't coming at the expense of everyone else. It is a reflection of the secondary effect of millions of other economic decisions made by others.
- lotsofpulp 6y agoThese are all clickbait articles that multiply equity * most recent sale price and make grandiose claims out of it. The real story would be how economies of scale and technological efficiencies, and now coronavirus lockdown effects have driven even more business to the already biggest businesses, and what to do about that.
- bravo22 6y agoEDIT: Not sure about the downvotes. It is a factual statement. Their increasing wealth is a reflection of other broken parts of the economy.