General Electric lost $500 billion in market cap since 2000
US industrial conglomerate General Electric (GE) has lost nearly $500 billion in market capitalisation since its peak 18 years ago. GE shares have fallen 81% since their record in August 2000, when the 126-year-old company was worth around $600 billion. In a surprise announcement on Monday, GE said it is replacing CEO John Flannery after just about 14 months.