PizzaFaceGamer said:
How about readingthis Ultimate Unknown..... http://saveandquitgaming.com/sony-loses-2-08-billion-dollars-since-psn-outage/ Sony’s Stock Drops 2.08 Billion Dollars Since PSN OutageWho knew being hacked and losing all user account information worldwide is bad for business? Apparently gamers aren’t the only ones who are pissed off about the PSN outage; stock holders have been selling their shares like hotcakes. I recently was given a quick lesson in economics that I will now share with you (keep in mind these are quick approximate numbers and calculations). The market cap for Sony is at 28.19 billion, the last traded price was at $28.06 per share. By dividing the market cap by the last traded price you can figure out the total shares outstanding which is roughly 1.004 billion. The closing trading price on 4/20 was 30.14 per share. The closing trading price on 5/6 was 28.06 per share. If you subtract the two you get a 2.08 stock loss. If you take the 2.08 stock loss and times it by the total shares outstanding of 1.004 billion you therefore get 2.08 billion dollars in lost stock profits. _______________________________________________________ You don't think sony cares about stock prices dropping off a cliff?? Today's sony share price is down to $26.54 so sony has lost MORE THAN 4 BILLION dollars in stock price alone since the original security failure And this doesn't include the 170 million dollar PSN loss |
OUCH.







