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(lemmy.world)
cross-posted from: https://lemmy.world/post/19346837
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this post was submitted on 02 Sep 2024
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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.
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