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> That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doi
by jacobgkau 1y ago
> That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity
The thing about a company worth several trillion dollars is that even minor movements involve (what are to us laymen) huge sums of money. Conversely, huge sums of money really are just minor movements to that company.
Some people talk about how the middle class has a hard time understanding the vast difference between a millionaire and a billionaire. The same thing applies (but probably compounded due to being at a larger scale) for thinking about billions vs. trillions of dollars.
(Just speaking to the question of scale; as someone else brought up, there've been other happenings that affect stock prices besides just this case.)