Google, Amazon, Facebook, Apple and Microsoft, or GAFAM for short, are facing a historical loss of value of 4 trillion dollars after the Covid-19 pandemic. Here are the details…
GAFAM market value dropped 40 percent!
The market value of the 5 largest technology companies in the world, called GAFAM, is decreasing day by day. The market value of Apple, which is known 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.
Amazon’s market value reached $1.88 trillion in the summer of last year, breaking the record of the company’s history. But then it fell to 878 billion dollars. This made it the first publicly traded company to lose $1 trillion in value.
Apple sued for what it claims to be the best!
It turned out that Apple, ignoring the privacy decision of iOS users, collects their data and sends it to the company.
Similarly, Microsoft fell from $2.58 trillion to $1.67 trillion, and Alphabet, Google’s parent company, fell from $1.98 trillion to $1.11 trillion. The most surprising thing among them was Facebook, which was restructured under the roof of Meta. Because after this decision, the company, which was worth between 0.9 and 1 trillion dollars, decreased to 240 billion dollars.
The ratio of the highest and lowest market values of the companies in 1 year will present a clearer picture. Because the value of 4 billion dollars lost by these 5 companies is more than the sum of the gross domestic products of Turkey, Argentina and Switzerland.
Change in 2022:
- Meta (Facebook): -70 percent
- Amazon: -49 percent
- Alphabet (Google): -41 percent
- Microsoft: -33 percent
- Apple: -28 percent
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