Amazon Becomes World’s First Public Company to Lose $1 Trillion in Market Value

(Bloomberg) — Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year. Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’Hochul Wins NY Governor Race as GOP’s Zeldin Refuses to ConcedeRise of Russia Hardliners S
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