Google didn't lose $90 billion, the value of the outstanding shares of the company declined by $90 billion. This harms people/entities that own the stock. I don't know if Google's share buybacks created treasury shares or just reduced the number of outstanding shares.
Imagine being able to afford a $90 billion loss.
Google didn't lose $90 billion, the value of the outstanding shares of the company declined by $90 billion. This harms people/entities that own the stock. I don't know if Google's share buybacks created treasury shares or just reduced the number of outstanding shares.