▲ 667 ▼ Nvidia shares plunge as US tech giant investigates CEO Jensen Huang's affair with suspected Chinese spy (www.bbc.com) submitted 22 hours ago by vegeta@lemmy.world to c/technology@lemmy.world 101 comments fedilink hide all child comments
[–] UnderpantsWeevil@lemmy.world 5 points 11 hours ago (2 children) Plunge 4 whole percent. On a $4.3T market cap permalink fedilink source parent hideshow 2 child comments replies: [–] dontbelievethis@sh.itjust.works 2 points 7 hours ago (1 child) What does that mean? permalink fedilink source parent hideshow 1 child comment replies: [–] FrostyTheDoo@lemmy.world 10 points 7 hours ago* (last edited 6 hours ago) The company is "worth" $4.3 Trillion dollars. Losing 4% of $4.3 trillion = losing $172 billion in one day. Also, based on how everyone else did today, they probably would have made $172 billion if this story hadn't come out today, therefore it's like they lost $344 billion dollars in one day. His buddies on the board (who own most of the company and therefore ate most of that loss) are probably pretty pissed at him right now, and also salivating at an opportunity to take some of his shares as punishment. permalink fedilink source parent
[–] dontbelievethis@sh.itjust.works 2 points 7 hours ago (1 child) What does that mean? permalink fedilink source parent hideshow 1 child comment replies: [–] FrostyTheDoo@lemmy.world 10 points 7 hours ago* (last edited 6 hours ago) The company is "worth" $4.3 Trillion dollars. Losing 4% of $4.3 trillion = losing $172 billion in one day. Also, based on how everyone else did today, they probably would have made $172 billion if this story hadn't come out today, therefore it's like they lost $344 billion dollars in one day. His buddies on the board (who own most of the company and therefore ate most of that loss) are probably pretty pissed at him right now, and also salivating at an opportunity to take some of his shares as punishment. permalink fedilink source parent
[–] FrostyTheDoo@lemmy.world 10 points 7 hours ago* (last edited 6 hours ago) The company is "worth" $4.3 Trillion dollars. Losing 4% of $4.3 trillion = losing $172 billion in one day. Also, based on how everyone else did today, they probably would have made $172 billion if this story hadn't come out today, therefore it's like they lost $344 billion dollars in one day. His buddies on the board (who own most of the company and therefore ate most of that loss) are probably pretty pissed at him right now, and also salivating at an opportunity to take some of his shares as punishment. permalink fedilink source parent