Day 2: Netflix loses over 35% in a single day. That's over $400M lost. - The Great Awakening

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Day 2: Netflix loses over 35% in a single day. That's over $400M lost. (twitter.com)

posted 2 years ago by BerlinWallCrosser 2 years ago by BerlinWallCrosser +162 / -0

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– BasedInFact 24 points 2 years ago +24 / -0

One fund realized a loss of $400 million.

But collectively, the investors in Netflix lost over $50 billion today. Couldn’t happen to a more deserving pack of demons.

Go woke, go fck yourself.

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– metapriest 7 points 2 years ago +7 / -0

Good point, but remember, marketcap is a pretty rough statistic, it assumes that if one share is worth X then all the shares are worth X, which isn't true. Selling to the highest bidder makes a lower bidder the highest bidder, lowering the price.

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