When you think of how many huge companies are really only electronic bits, it's a little amazing how fragile these companies are. With a substantial loss of revenue, an unwillingness of people to use their sites, and a short period of time, the facade of wealth can disappear. When you add that these companies really don't have much, except servers, the tech people, and the buildings they need to run their service, investors don't have much of anything with value. A bankruptcy would probably yield very little for vendors, and investors would only have a memory of their investment at worst. Those selling before a total loss would still be hurt financially, and would be soured on future investments in something without any real value.
These are strange times. The illusion is more attractive than the real. The nuts and bolts required are dismissed, while the intangibles are sought.
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