What was once the world’s largest company by market-cap has lost half a trillion dollars in value, in what feels like a split of a second.
Boy was that was fast.
Half a Trilly. Gone. Just like that.
So just to put things in perspective, for those of you who might not realize how much money that amounts to, there are only 13 companies on the planet worth over half a trillion dollars.
Apple lost half a trillion in value in just a few months.
Here it is making new 28-month lows today relative to the S&P500: [Read more…]