Friday, 24 March, 2023

Amazon Becomes World’s First Public Company To Lose $1 Trillion In Market Value

<p>Amazon.com Inc. is the first publicly traded firm in the history of the world to have seen its market value fall by a trillion dollars as a result of a confluence of factors this year, including tightening monetary policy, increasing inflation, and disappointing earnings reports. The e-commerce and cloud company&#39;s shares dropped 4.3% on Wednesday, reducing its market worth from a record closing of $1.88 trillion in July 2021 to about $879 billion.&nbsp;</p>