US technology companies started to lose value after the Covid-19 pandemic. When we look at the 5 most valuable companies, we see that their share and market values are decreasing day by day. This is such a loss that only one-year depreciation of 5 companies is more than the combined gross domestic product of Turkey, Argentina and Switzerland. So how much is Amazon’s current market value?
1 trillion dollars of historical loss! How much is Amazon market value?
Amazon’s market cap reached $1.88 trillion in the summer of last year, breaking the company’s historical record. But as of today, it has decreased to 878 billion dollars. This made it the first publicly traded company to lose $1 trillion in value.
Of course, this decrease is not only experienced in Amazon. When we look at the top 5 technology companies in the world, Apple’s market value, which was mentioned as the closest company to exceed the level of 3 trillion dollars with a value of 2.94 trillion dollars at the end of last year, decreased to 2.15 trillion dollars.
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Similarly, Microsot fell from $2.58 trillion to $1.67 trillion, Google’s parent company Alphabet fell from $1.98 trillion to $1.11 trillion, and Elon Musk’s favorite Tesla, which has recently come to the fore with the Twitter purchase, fell from $1.23 trillion to $552 billion.
As we mentioned at the beginning of our news, the loss of value experienced only in these 5 companies is more than the sum of the gross domestic products of Turkey, Argentina and Switzerland. Surprisingly, Amazon, which has experienced the most loss in value, has entered a great stalemate.
Although Tesla lost the sum of Samsung and Meta in 1 year with this 1 trillion dollar depreciation, Amazon still ranks 4th in the list of the most valuable companies with a market value of 878 billion dollars.
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