Double checking John Oliver's math
Facebook one-day losses: $119 Billion
Global cheese market (projected for 2019): $118 Billion
Yep. Facebook did indeed lose, in one day, more value than the entire concept of cheese
@troubleMoney When was this?
@troubleMoney @Gargron The difference is that one of them means real economic activity. The other is a change in a very inflated price of some stock.
Comparing capital valuation with revenue is a false comparison.
John Oliver either is too ignorant to get this, or is (at best) being disingenuous to make a point.
Or, given his career, to make a rather silly joke.
Now, if he'd gone and calculated the total market cap of all the cheese producers worldwide, that would have been more interesting, but nooo ....
@troubleMoney Cue the Monty Python cheese shop skit…
@troubleMoney he is now forbidden to ever eat cheese again.
@troubleMoney now is the time for phase 3
CheeseBook