Apple breaks another record by closing a trading day at US$3 trillion

[Redaktion]

Although Apple's market cap managed to break the US$3 trillion barrier back in January 2022, it never managed to close a trading day at that value until last Friday. The event took place after the shares of the tech giant headquartered in Cupertino climbed 2.31%, reaching a new high of US$193.97.

https://www.notebookcheck.net/Apple-breaks-another-record-by-closing-a-trading-day-at-US-3-trillion.730972.0.html

[NikoB]

Taking into account the devaluation of the dollar by 2 times in 15 years, these 3 trillion already correspond to only 1.5 trillion in 2008. And if money is printed at the same pace (in the United States, the ceiling of state borrowings has again been cynically increased), then soon even 10 trillion in capitalization for some TNCs will become the norm. But what if the real purchasing power of the dollar and other fiat currencies is going down the drain?

Long live the global Weimar Republic! With a part for banksters, now almost everyone was forced to use virtual non-cash payments, otherwise people would soon notice in shock (as they once did in the Weimar Republic) that their next salary in fiat currency, if it was in cash, had to be taken to trolley (due to the weight of banknotes) to the nearest store...

Many residents of developing countries, especially authoritarian and totalitarian ones, have long gotten used to the rapid devaluation of local fiat currencies, but now, to their horror, even dollars have become toilet paper. And cryptocurrencies are just a pyramid scam. And gold also rests on faith, and when chaos sets in, for a bag of potatoes, you will calmly give 1 kg of gold or it will be taken away from you by force...

[Codrut Nistor]

You might have a point there. It's frightening to think about having your income paid via something like Shiba Inu or, even better (or worse, depends on how you look at it), Luna. Today you might be able to buy an entire building, and tomorrow a pack of cigarettes...

[Dawnstar]

Sadly?  for who?

[Codrut Nistor]

For those who own Apple shares and the company's board, isn't it?