and fourth-quarter guidance was dispiriting. Its performance was line with the tech sector more broadly, which has been hurt by rising interest rates, slowing internet advertising and other factors., Apple still struggled as questions swirled around the popularity of its new products and it faced difficulty with iPhone 14 shipments during the holiday season due to Covid restrictions at its main China factory.
In fact, what each of the two stocks shed in one year alone is more than double the size of Meta's complete market cap.
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King Biden says every thing is fine and he has created a bazillion jobs so none of us understand what a genius he is.
The two stocks were the biggest losers of market cap in 2022. Apple shed $846.34 billion in value and Amazon lost $834.06 billion. Market cap measures the combined value of all of a company’s stock.
And yet they are still overvalued by many x’s over.