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GME is worth what a few dozen billion at its current valuation? How would that impact SPX, DJIA, etc.
by r00fus 6y ago
GME is worth what a few dozen billion at its current valuation? How would that impact SPX, DJIA, etc.
- tootie 6y agoIt's at like $25B last I looked. The market cap of the S&P is $36T. The NYSE manages about $25T. So this is like 0.1%.
- yreg 6y agoIf short squeeze happens[0], the shorts will have to buy the shares back at whatever the price will be. If they go bankrupt the responsibility passes to the brokers and further upstream. Of course it might not happen. [0] https://news.ycombinator.com/item?id=25945253 https://news.ycombinator.com/item?id=25945253