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Mickey7@lemmy.world to Reddit@lemmy.world · 2 days ago

Interesting. What is really causing the rapid decline

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Interesting. What is really causing the rapid decline

lemmy.world

Mickey7@lemmy.world to Reddit@lemmy.world · 2 days ago
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  • Rentlar@lemmy.ca
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    1 day ago

    How the heck were they ever valued at $US200 per share?

    Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)

    • DrDickHandler@lemmy.world
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      1 day ago

      Price of the share is irrelevant. Please reference market cap.

      • Rentlar@lemmy.ca
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        1 day ago

        Edited to include more info, thank you for pointing it out. I’d known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.

    • nutsack@lemmy.dbzer0.com
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      1 day ago

      the price is supposed to be based on future valuation

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