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 didn’t “go” anywhere. The only way the “loss” is realized is if you actually “sell” the stock. As a stockholder, you need to decide if you ride it out, hoping for a rebound, or bailing out and taking your losses.