Amazon is the first company in history to fall in value by more than $1 trillion

American giant Amazon has become the first company in history whose market capitalization fell by $1 trillion.

Here's What We Know

In 2022, owners of Amazon stock began to get rid of it en masse for several reasons. In particular, because of inflation, tight monetary policy and Amazon's not-so-great earnings reports. The latter is due to the fact that customers are beginning to return en masse to the life they had before the COVID-19 pandemic.

The day before, the value of the U.S. giant's securities fell another 4.3%. The total market capitalization of the company declined to $ 879 million. Thus, during the year and a half Amazon's value decreased by $ 1.001 trillion - in mid-summer 2021, its market capitalization reached $ 1.88 trillion.

Microsoft is also trying to keep up. The developer of the Windows operating system fell in a year by $889 billion. It is possible that the Redmond giant will be the second company whose market capitalization will decrease by $1 trillion. In total, the top five technology companies for 2022 fell in value by almost $4 trillion.

Source: Bloomberg

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