Amazon lost $1 trillion in valuation, a record
Amazon lost $1 trillion in valuation, a recordEquality and Reconciliation - Nov 13, 2022
In just over a year, Amazon has lost more than half of its market valuation. Microsoft is also in a complicated situation
Amazon has become the first publicly traded company in the world to see its valuation fall by $1 trillion. Even more impressive, this fall occurred in an extremely short period of time: less than 000 months.
Amazon is now valued at $879 billion, a far cry from the $1 billion it was worth in July 880. The company had largely taken advantage of the health crisis to do well in 2021 and 2020, but is going through a much more troubled period right now.
Amazon is experiencing a sharp slowdown in e-commerce growth as consumers return to pre-pandemic habits. In addition, inflation weakens demand, while the costs of storing, packaging and transporting products increase [...].
