this post was submitted on 04 Apr 2025
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Economics

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Billionaires Poised to Lose Near Half-Trillion Dollars in 2 Days ๐ŸŽ‰ (www.bloomberg.com)
submitted 1 week ago by cm0002@lemmy.world to c/economics@lemmy.world
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[โ€“] Rivalarrival 30 points 1 week ago* (last edited 1 week ago)

No they aren't.

That money they are supposedly "losing" isn't "gained" by anyone else.

They are poised to watch an imaginary line go down for awhile. They'll pour real money into the line while it's down, and let more pour out after the line goes up.