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Re: Stock market totally befuddles Roy and Homer (was Re: Trolls)

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____/ thufir on Tuesday 05 August 2008 21:56 : \____

> On Tue, 05 Aug 2008 11:43:51 -0700, Tim Smith wrote:
> 
>>> "Microsoft loses 90 Billion Dollars"
>>> http://slated.org/microsoft_loses_90_billion_dollars
>> 
>> No, their market cap went down by $90 billion.  Why does it not surprise
>> my the neither of you understand the most elementary things about how
>> stocks work?
> 
> 
> "As owning stock represents owning the company, including all its assets,
> capitalization could represent the public opinion of a company's net
> worth and is a determining factor in stock valuation."
> 
> 
> http://en.wikipedia.org/wiki/Market_capitalization
> 
> 
> So, its perceived net worth decreased by 90b?  Sounds like "microsoft
> loses 90b" is a fair title -- which was the title of the *slated.org*
> article.

It's Bloomberg that said it. Slated just cited it.

The trolls try to spin Microsoft out of big embarrassment.

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