Comment Re:Type of headline that should be prohibited (Score 1) 47
Oh fuck off. The headline is exactly correct. Something was worth X yesterday and today it's worth Y, where Y is substantially less than X.
If you had to sell right now, you would get far less than for the product than if it you sold it yesterday. Hence, erased market cap.
It's used every single day in the financial industry and is regularly quoted in headlines when a company's stock plunges.