Some of them (ahum you know which one) did lose actual value: the entire credibility of their biggest brands are down the drain for years to come… In that way the stockprices do really show that they are losing out. Some others really are losing (sort of) equal access to big important markets… The loss is real, even tho I agree with the sentiment of your post, the lowering stocks predict lowering income, lowering dividends which these people expect to rake in eternally to keep their billionaire lifestyle afloat, etc. They are slowly becoming less wealthy from the shennanigans. Not quick enough tho. A billionaire is a thing that just shouldn’t be allowed to exist ever anywhere.