This is what happens when people who never look at the stock market, look at intraday stock moves. No perspective. https://t.co/kF0pXi9wvE
— Felix Salmon (@felixsalmon) April 11, 2017
One of the things we’re seeing today from reporters is a focus on United’s stock price after Monday’s PR debacle. Such as from NBC News’ Bradd Jaffy:
United Airlines has lost about a billion dollars in market value this morning https://t.co/jIESIx7OVs pic.twitter.com/RIWT4SP6Xs
— Bradd Jaffy (@BraddJaffy) April 11, 2017
Um, this is no big deal and doesn’t mean a thing as financial reporter Carl Quintanilla points out:
Worst day for United shares since ..
.. March 14. https://t.co/SWgViU5vtC
— Carl Quintanilla (@carlquintanilla) April 11, 2017
Exactly. Or maybe Jaffy would like to comment on his employer’s stock price drop this morning? From Google Finance:
It’s math: 4.73 billion shares down 36 cents equals about $1.7 billion in lost market value. Can we blame Jaffy’s tweet on the loss?
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