News Corp. Loses $7 Billion in Market Value in 4 days

http://www.tvweek.com/blogs/tvbizwire/2011/07/news-corp-loses-7-billion-in-m.php

That is only a 4-day stretch. It is worse than that and Murdoch hasn't testified yet. This is why shareholders are suing.

Investors take it as fact that News Corp stock will rebound some if and when Murdoch steps down. So basically there are billions of dollars riding on Murdoch departure which means... :hi:

Where did the market value money physically go?

If it's really gone, if/when it "rebounds" and bounces back after throwing Rupie in the gutter, is it the same money?

Was it ever money at all?

This is why I hate the idea of stock markets. It's all bullshit.

Remember when "beanie babies" were all the rage, and people were selling them to collectors for $600 a pop, because people were buying them? If you had the right ones, and bought 4 them for like $20, essentially, you were worth $2400. If you were smart, you sold them and had a bunch of real money.

If you bought them for $600, hoping that they would be a good investment, and held onto them, then you were screwed when they weren't popular anymore and couldn't be sold at a garage sale for 50 cents.

It's all a matter of knowing when to sell or to buy. People like Murdoch hold on to the stock for dear life because if they sell too much, the price drops. He bought back a ton of shares the other day to keep the price from cratering (but it is again, anyway).

In 2012 the same cards are worth $20 (if that). Oh well, my childhood dreams shattered.

I LOL while watching Antiques Roadshow on PBS. IMO the only items that have future value is good art, everything else is a scam. $10,000 for a 1940's mass produced tin toy? Bzzzt. Nobody's buying that, literally.

Sorry for the off topic.

As long as you have someone that wants to buy them at $50 each, they are worth that much. If not, then they aren't :).

IMO they were always worth the $0.005 cents each they cost to print.

Same deal with stock certificates.

I have thousands and thousands of stock options that were never worth the ink and parchment used to print them. All of them came with promises of future riches, none delivered.

versus with Rupert Murdoch riding it. That's what this is. Illegal behavior is a liability to any corporation.

And I expect it to plummet even further by the end of the day. Hinton resigning, and the two Met police officers resigning, not to mention Brooks' arrest are huge glaring signs that they are in trouble.

Trading volume is up, which means people are trying to shuffle it around to make a bit of money before it drops like a rock. Once he testifies tomorrow, the market will pretty much be the one to determine whether they will survive or not. I suspect not. :rofl:

All those newspaper ads Murdoch placed saying he was "sorry" are only about this. He's only sorry his co has lost value, not that he's been an unethical bastard for decades.

along with Beck, Limbaugh, Hannity...