LogFAQs > #962705606

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TopicStock Topic 36
HeroicCrono
02/16/22 4:14:44 PM
#17:


Nanis23 posted...
I can't help but wonder where all the money is getting to. From all the stocks that reached their peak at Feburary 2021, all the "meme stocks", so many of them lost 60%+
This is so much money that is going back to the pockets of..I dunno? people who discovered the stock market in 2020? are they all super rich now or what?
I am looking at WIX, which just a year ago was actually the Israeli company with the highest market cap, lost 75% of it's value in a fucking year
What the hell

It doesn't go to anyone. The value is just gone into thin air. It's not a zero sum game.

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