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kender242@lemmy.worldto
No Stupid Questions@lemmy.world•$1.8 trillion was wiped out from the US stock market yesterday, where did it go?English
10·7 days agoThanks. I’m seeing two conflicting stories in my mind.
I’d the company is worth $10,000 and there are 100 shares. And if I sold 10 for $100 each the company is still worth $10,000?
But who gets to calculate when the value goes down? Is it when someone offers me $90 and I accept? Why can’t I just pretend to be two people and sell myself stock at $10 to artificially tank the price so I can buy the dip? Or do the reverse and pump the price up?
Or maybe the first 10% to sell gets the best deal and the price auto-magically goes down because of ‘market trend’ and each next 10% gets increasingly screwed until the company is worthless?
kender242@lemmy.worldto
No Stupid Questions@lemmy.world•$1.8 trillion was wiped out from the US stock market yesterday, where did it go?English
74·8 days agoBut the stock market sounds like a zero sum game.
Who sold the stock off early? If everyone wanted to devest from a specific company and we all sold our stock at the same time and nobody wanted to buy it… huh

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