what does it mean by $2.9 trillion wiped away due to losses in Stock market. Where did it go?

Question

Where did the money actually go? Are these small startups or individuals that have gone bankrupt that totalled this amount ?

In: Economics

Answer 1

It means stonks go down.

It’s also incoherent, as it ain’t money until someone sells a stonk for money. If it’s still a stonk, it’s Monopoly money.