2 ms·
"wiping 7% off the share value since the announcement." I wish everyone would stop citing this figure. Several major tech companies lost about the same amount
by malandrew 13y ago
"wiping 7% off the share value since the announcement."
I wish everyone would stop citing this figure. Several major tech companies lost about the same amount off their market cap on the same day. Yes, some of that 7% might be attributable to the Oculus acquisition, but most of it was the result of market sentiment that day.
- deleted 13y ago[deleted]
- SixSigma 13y agoShame on me. I hadn't actually looked at the rest of the market data. I came across that figure while researching how many shares Microsoft had in Facebook from a "Related Links" box. Even if I had, I still shouldn't have repeated the speculation of the cause. Maybe the announcement stopped the share value sliding by 14%. I was already aware that one of the great fallacies of market reporting is News Item X caused change in Share Price Y.