When Stock Prices Drop, Where Is the Money?‌  TABLE OF CONTENTS Disappearing Money Implicit and Explicit Value Disappearing Trick Revealed Have you ever wondered what happened to your socks when you put them into the dryer and then never saw them again? It's an unexplained mystery that may never have an answer. Many people feel the same way when they suddenly find that their brokerage account balance has taken a nosedive. Where did that money go? Fortunately, money that is gained or lost on a stock doesn't just disappear. Read to find out what happens to it and what causes it. KEY TAKEAWAYS When a stock tumbles and an investor loses money, the money doesn't get redistributed to someone else. Essentially, it has disappeared into thin air, reflecting dwindling investor interest and

Sea Limited drops to end week as Hedgeye calls it a top short idea Back view of young gamer playing video games on computerSea Limited (NYSE:SE) ended the week on a low note, dropping 6.6% today after being named as a best idea short at Hedgeye.Shares had pulled back some 30% from their all-time highs already, analyst Felix Wang notes, but says the valuation is still "lofty" - and has room for another 35% downside.The company is facing more competitive pressure, he says, and some of the routes forward aren't as solid as expected. Sea is looking to Brazil to support international growth, but Wang says the gaming opportunity in Brazil is "hyped" and e-commerce there is shaky as well.As for its flagship game Garena Free Fire, it's a "one-hit wonder whose performance has peaked," with engageme

Microsoft to buy back up to $60 billion in shares; names Brad Smith vice chairFILE PHOTO: A Microsoft logo is seen in Los Angeles MSFT +0.94% (Reuters) -Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.The U.S. technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.Smith joined Microsoft in 1993 from law firm Covington & Burling t

Affirm stock skyrockets after company reports 71% revenue growth and strong guidanceKEY POINTS Affirm reported better-than-expected revenue for the fourth quarter after the bell Thursday and gave strong guidance for the current quarter. The stock soared more than 20% in extended trading following the report. The blockbuster earnings report comes after Affirm last month announced it’s teaming up with Amazon to launch the e-commerce giant’s first partnership with an installment payment player. Affirm reported better-than-expected fiscal fourth-quarter results after the bell Thursday, including solid guidance and 71% revenue growth.The stock soared more than 20% in extended trading following the report.Here’s how the company did:  Revenue: $261.8 million vs. $225 million e