• Tartas1995
    link
    fedilink
    English
    arrow-up
    3
    ·
    13 days ago

    I am aware. That is how stocks work. The billions “lost” got paid to previous owners of the stock.

    I used “owning” instead of “owned”, sorry, I guess.

    • Wispy2891@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      13 days ago

      On the upside, if we think better, the answer to the question “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?” is $0 as there would be nobody so insane to buy them.

      So that number is the money that he lost for now, if he would be able to sell