Amazon becomes first public company to lose $1 trillion in market value

and cloud company fell as much as 4.6 per cent on Wednesday, pushing its market value to about US$878 billion from a record close at US$1.882 trillion on July 2021. Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost US$900 billion from a November 2021 peak.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.

Thoughts and prayers.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon becomes first public company to lose $1 trillion in market valueAmazon.com Inc. shares fell as much as 4.6% on Wednesday. Read more. 1 trillion = 1000 milliards = 1000 millions de millions prend douze zéros. Heureusement pour J Bezos qui aurait vendu 90 % de ses parts de Amazon en septembre 2021. Voir Bloomberg, 'Jeff Bezos Raises $3.3 Billion by Selling Amazon Stock This Week'
Source: financialpost - 🏆 7. / 85 Read more »

Market movers: Stocks seeing action on Wednesday - and whyA look at North American equities making moves
Source: globeandmail - 🏆 5. / 92 Read more »