E-commerce giant Amazon has experienced an unprecedented loss of value in the stock markets. The company has lost exactly $1 trillion since July 2021.
One of the world’s largest e-commerce platforms Amazon Something mind-blowing happened. The company’s total stock value has lost more than $1 trillion. Something like this before never, ever happened. So what happened that Amazon suffered such a huge loss of value?
As a matter of fact, Amazon hasn’t been doing very well financially for a while. The figures announced were below expectations. One of these global inflation With the addition of tightening monetary policies, the inevitable end came true. Amazon’s market value, with the stock market closing last day 879 billion dollars fell.
July 2021… Amazon’s market value is 1.882 trillion dollars!
Amazon, July 2021It reached a record valuation in . Official statements and figures made by the company indicate the market value of the company. $1.88 trillion had demonstrated. Now we are far from those days. Company, 2018 It has seen its market value again in June of the year…
Although a historical record has been reached by Amazon, the situation is not different in other technology giants. for example Microsoft’s depreciation, at the level of 900 billion dollars. In fact, we can talk about a statistic like this: The 5 most valuable technology companies in the USA lost 4 trillion dollars in value in 2022. This number, Turkeymore than the combined gross domestic product (GDP) of Argentina and Switzerland.
As a matter of fact, all companies lost value with the increase in global inflation after the pandemic. In fact, Apple managed to become the winner of the losers and added a new one to its titles:
RELATED NEWS
Apple Is Now More Valuable Than Amazon + Google + Meta Sum
Source :
https://www.bloomberg.com/news/articles/2022-11-09/amazon-hits-unwelcome-milestone-with-1-trillion-in-value-lost?leadSource=uverify%20wall