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Market
Which company will have the largest market cap loss by end of August 2024?
2
Resolution / Starting Odds
Meta • 25%
Berkshire Hathaway • 25%
Taiwan Semiconductor Manufacturing Company • 25%
Tesla • 25%
Market cap data from financial news sources like Bloomberg, Reuters, or official company filings
Story
$2.9 Trillion Wiped Out from Stocks Amid Recession Fears, $1.2 Trillion Loss in U.S.
Aug 2, 2024, 04:01 PM
Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession and rumours of war. This marks the worst day for stocks since March 16, 2020, during the COVID-19 pandemic fears. The U.S. stock market alone has seen a $1.2 trillion loss today. The market capitalization loss is equivalent to the combined value of major companies such as Meta, Berkshire Hathaway, Taiwan Semiconductor Manufacturing Company, Eli Lilly, and Tesla.
View original story
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