https://finance.yahoo.com/quote/AAPL/
Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well)
So I had done some calculations and please correct me if you think I am wrong but at 4:00 pm USA time (EDT?) the stock was selling at 213.5 open (I am not sure what the differences b/w open,close etc. are , I am not a finance guy) but it went from 213.5 open to 207.8 right now
Taking the % lose from its peak just at 4 PM EDT & multiplying it by its market cap? 3.19Trillion(1- 207.5/213.5 ) is 89_648_711_944 , ie. 89 Billion $.
So from my understanding Apple lost 89B $ in like a span of 2 hours (4PM EDT to 5:10-ish PM EDT which is the approx current time while writing this post)
That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity that its worth not to just skim over it I guess and truly read it at detail I suppose.
Just my two cents..
We've worked around it by not touching the hot stove, but it's kind of worrying that there are consistency issues with it.
Even oil, which is physically delivered settles physically in discrete locations. It would be pretty funny if someone delivered tankers full of oil to your office though lol.
Seems to me like it should, so that generations-long decisions are not made from overly optimistic numbers.
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