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Money Rehab with Nicole Lapin

Apple Just Became the First Company to Hit a 3 Trillion Dollar Valuation. Should We Care?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 17 January 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

We don’t need to be super financially savvy to know that $3 trillion is a big freakin’ number. Today, Nicole answers the questions: What does it mean that Apple’s broken this record… and how should it affect your investing decisions? Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey guys, are you ready for some money rehab?

0:05.0

Wall Street has been completely upended by an unlikely player. Game stop.

0:09.0

That's enough.

0:10.0

Ian and should I have a 401k because you don't do it? No, I know.

0:15.0

I think the whole world will revolve around you on your money. What a dumb shit.

0:20.0

Charge for wasting our time.

0:24.0

I will take a check.

0:25.0

I got a full chip.

0:27.0

You recognize her from anchoring on CNN, CNBC, and Bloomberg.

0:31.0

The only financial expert you don't need a dictionary to understand.

0:36.0

The cold lap in.

0:37.0

Today on Money Rehab, we're gonna do what we do best.

0:41.0

Taking a jargony headline, breaking it down into plain English and sharing how the headline affects you.

0:50.0

So here's a reason headline. Apple becomes first company to hit a $3 trillion market value.

0:57.0

We don't need to be super financially savvy to know that $3 trillion is a big friggin number.

1:07.0

But what does it mean that Apple's broken this record?

1:12.0

And why should we care?

1:14.0

Well, market value is the same thing as market cap.

1:18.0

If you missed our episode on market cap, here's a little refresher.

1:24.0

So here's the deal.

1:25.0

Market cap is a cute little nickname for market capitalization.

1:30.0

It's a measurement to help us understand to what extent a company is a big deal.

...

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