KEY POINTS

  • The so-called Magnificent Seven stocks lost a combined $1.8 trillion in market value over the last two trading sessions.
  • Apple led the losses for the group shaving off more than $533 billion in market capitalization.
  • The Nasdaq recorded its worst week since 2020 as markets responded to mounting fears of a global trade war that could push the U.S. into a recession.
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[–] 9 points 2 years ago* (1 child)

i mean they dint pay 2.7 trillion taxes, so this can be fair game to them. maybe this is a way to tax the rich, but making lose almost as much.

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  • [–] 1 point 2 years ago* (last edited 2 years ago)

    Absolutely not.

    The rich have offshore accounts funneling money between countries currencies and stocks. They are well diversified. A crash won't hurt them.

    This is killing the average worker. Exactly what they want.

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