Saturday, July 20, 2013

Bill Gates just lost $1.6 billion today

Shares of Microsoft dropped 11.4 percent today, representing the biggest single-day drop in over 13 years. The last time it occurred was on April 24, 2000, when shares plunged 15.6 percent as the world's largest software company locked itself in an antitrust dispute with the U.S. government.

Friday's loss means more than $30 billion has been wiped off Microsoft's market value in one day, equivalent to the entire GDP of countries like Jordan or Bahrain.