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Double checking John Oliver's math

Facebook one-day losses: $119 Billion
Global cheese market (projected for 2019): $118 Billion

Yep. Facebook did indeed lose, in one day, more value than the entire concept of cheese

Jan Koekepan

@troubleMoney

Comparing capital valuation with revenue is a false comparison.

John Oliver either is too ignorant to get this, or is (at best) being disingenuous to make a point.

Or, given his career, to make a rather silly joke.

Now, if he'd gone and calculated the total market cap of all the cheese producers worldwide, that would have been more interesting, but nooo ....