American giant Amazon has become the first company in history to lose $1 trillion in market capitalization.
What is known
In 2022, Amazon stockholders began to massivelyget rid of them for several reasons. In particular, due to inflation, tight monetary policy and Amazon's not the best earnings reports. The latter is due to the fact that customers are beginning to massively return to the life that was before the COVID-19 pandemic.
On the eve of the price of securities of the Americangiant fell another 4.3%. The company’s total market capitalization has fallen to $879 million. Thus, in a year and a half, the value of Amazon has decreased by $1.001 trillion – in the middle of summer 2021, the market capitalization reached $1.88 trillion.
Microsoft is also trying to keep up.The value of the developer of the Windows operating system has fallen by $ 889 billion in a year. It is possible that the Redmond giant will become the second company whose market capitalization will decrease by $ 1 trillion. In total, the top 5 largest technology companies for 2022 have fallen in price by almost $4 trillion.
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