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10-11-2022, 05:25 PM
Published: Nov. 10, 2022 at 3:31 a.m. ET
By Al Root
Amazon.com has now lost more than US$1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value.
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Amazon (AMZN) shares hit a new 52-week low on Wednesday, closing at US$86.14 a share, down 48% so far in 2022.
The tech giant’s capitalization closed below US$900 billion on Wednesday. Amazon’s market capitalization topped out at roughly US$1.9 trillion back in July 2021.
More at: https://www.marketwatch.com/articles/ama...latestnews
By Al Root
Amazon.com has now lost more than US$1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value.
......
Amazon (AMZN) shares hit a new 52-week low on Wednesday, closing at US$86.14 a share, down 48% so far in 2022.
The tech giant’s capitalization closed below US$900 billion on Wednesday. Amazon’s market capitalization topped out at roughly US$1.9 trillion back in July 2021.
More at: https://www.marketwatch.com/articles/ama...latestnews
