Amazon’s Market Value Declines by $1 trillion.

0 48

Amazon’s market value decreased by $1 trillion this year as a result of a stock market selloff, which was sparked by a combination of tightening monetary policy, rising inflation, and subpar earnings reports.

The market value of the cloud and e-commerce company dropped by 4.3% in November, from a record close of $1. 88 trillion in July 2021 to roughly $879 billion today.

With Microsoft coming in second after losing $889 billion since its November 2021 peak, Amazon and Microsoft were going head-to-head to surpass the undesirable milestone.

Amazon has become the first publicly traded company in history to see its market value decline by a trillion dollars.

As a result of declining sales, rising costs, and a rise in interest, its stock has fallen by more than 50%.

Leave A Reply

Your email address will not be published.

%d bloggers like this: