PhaseFour [he/him] to finance • edit-24 years agoAnd they haven't even begun to cover their positions yet. These losses are a drop in the bucket compared to what's coming.imagemessage-square58 fedilinkarrow-up1123file-text
arrow-up1123imageAnd they haven't even begun to cover their positions yet. These losses are a drop in the bucket compared to what's coming.PhaseFour [he/him] to finance • edit-24 years agomessage-square58 Commentsfedilinkfile-text
minus-squarePhaseFour [he/him]hexagonhexbear37·4 years agoIt was $7b two days ago, and $14b today. $70b a shit ton. And it looks like their losses are growing exponentially. There's no limit to the amount of money you can lose on a short position, so this could literally go to infinity. link
minus-squarepenguin_von_doom [she/her]hexbear14·4 years agoBut is this just today or total? Also obligatory :sicko-yes: link
minus-squarePhaseFour [he/him]hexagonhexbear21·4 years agoTotal. $7 billion was lost between last week and two days ago. Another $7b was lost by the middle of yesterday. Another $56b was lost between then and now. link
Thats... a lot?
It was $7b two days ago, and $14b today. $70b a shit ton. And it looks like their losses are growing exponentially.
There's no limit to the amount of money you can lose on a short position, so this could literally go to infinity.
But is this just today or total? Also obligatory :sicko-yes:
Total.
$7 billion was lost between last week and two days ago.
Another $7b was lost by the middle of yesterday.
Another $56b was lost between then and now.
deleted by creator
Finally capitalism's found some infinite growth