this post was submitted on 03 Apr 2025
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Losing 250 billion in market value is not equivalent to losing 250 billion in cash. You only lose money in stock trading when you sell at a loss.
Unless you've used that stock as collateral for a loan, which billionaires love to do, because they always assume stock goes up and future them will pay the bill with less stock than today them would have to pay.
But woe be unto them if stock go down enough.