Amazon loses record $1T in value

Question

In July 2021, Amazon's value peaked at just under $1.9 trillion. Today, it's under $900 billion. Yikes. 😬

er931nUHbda · Accepted Answer

Holiday spending likely won't be enough to cover losses. People are broke. People are exhausted. This time of year generally sucks. Ugh.

de91nNno · Answer

1. Amazon, which is down 49% YTD 😭
2. Microsoft, which is down 32% YTD 😅
3. Alphabet, which is down 39% YTD 😬
4. Meta, is down 70% YTD 🤯

jamiEx3 · Answer

Market cap is overblown. The part that's really scary is that companies are using the fear of inflation to drive up prices in real dollars, reap extra profits, and not give raises in real dollars. People are going to be asking for raises and are likely not going to get enough to break even. AND, with job prospects not looking too great for people in tech, this cycle is only going to get worse.

kfjdIpsagm · Answer

If you look at the market cap before the pandemic, it was around $1 trillion ($985B on 1/31/2020). This not a coincidence.

ej0e18h · Answer

Apple, Alphabet, Amazon, Tesla and LinkedIn parent Microsoft have lost a total of over $3.4 trillion in market value this year. COVID boom and bust at is finest.

Amazon loses record $1T in value

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