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.

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And then the crunch begins...

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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 »

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. Thoughts and prayers.
Source: nationalpost - 🏆 10. / 80 Read more »

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. Can't lose a trillion if you didn't have a trillion. Prime
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