Yes, you read that right, Facebook was briefly valued at 3 times larger than the entire world output. So there is nothing wrong with present-day markets? See our piece Are the Machines in Charge?
2.8 billion shares x €50,000 = $178 Trillion “market” valuation of Facebook…
Bloomberg’s Sheila Dharmarajan says: “Nasdaq not distributing reports in timely fashion”
The official wire comes in:
Not surprising at all with robots malfunctioning and markets collapsing in recent years (recall Nucor Steel hitting $0.01 a share); Generally – models behaving badly- Just ask JP Morgan.