The Six Billion Dollar Company

1-citicorp-center-ny

In this era of economic bailouts and $50 billion Ponzi schemes, $6 billion might seem like a lot of money. But it’s a stratospheric $271 billion LESS than the worth of Citigroup barely two years ago. Back then, the financial services giant (HQ, pictured above) saw its stock trading at $56/share and a market cap of $277 billion — making it then the world’s most valuable financial institution.

Now, the company is worth barely $6 billion and as for that stock price — it is struggling to stay above $1 per share.

Hardcore!

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