Wilton Astudillo posted an update in the group
Business 2 years, 5 months ago
Amazon Is Now The First Publicly Traded Company In The World To Lose $1 Trillion Dollars In Market Value, After Its Market Value Shrunk From $1.88 Trillion To $879 Billion. The Loss Is Attributed To These Factors: Disappointing Earnings, Soaring Inflation, A Slumping Economy, Raising Interest Rates, And Tightening Monetary Policies.
Amazon Loses $1 Trillion in Market Value — Why Are Investors Selling Their Stock?Amazon is the world’s first public company to lose a trillion dollars in market value, Bloomberg reported, amid a broader brutal tech selloff. Read: Jeff Bezos Donates Nearly $600 Million in Amazon…
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