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Google's stock sheds market cap the size of Nike in one of Wall Street's five worst drops ever

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Alphabet’s stock suffers worst daily selloff in more than three years

The selloff in Alphabet Inc. shares Wednesday resulted in the fifth-largest one-day decline in market value for any U.S. company on record.

The company’s daily drop in valuation is more than the entire market capitalizations of each of Nike Inc. NKE, -1.56%, Advanced Micro Devices Inc. AMD, -5.52% and Walt Disney Co. DIS, -2.39%

 

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