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November 14, 2024, 09:31:08 AM
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$576 billion in market cap wiped out...

 
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gleek
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$576 billion in market cap wiped out...
« on: March 06, 2009, 11:52:15 AM »

...in just two companies.

AIG
Share price: $98.56 to 33.8 cents
Market cap: $265B to $900M = -$264B

C
Share price: $58.88 to $1.01
Market cap: $318B to $5.5B = -$312.5B



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Woman, open the door, don't let it sting. I wanna breathe that fire again.
birdymaker
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Re: $576 billion in market cap wiped out...
« Reply #1 on: March 06, 2009, 11:54:23 AM »

toss GE and GM on the heap.  Wink
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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