One of the most well-known brands on the planet, Amazon, has become the first company to lose $1 trillion in market cap value. The loss is registered as the largest in history and proves to be the second time this year that the company has suffered these kinds of exponential losses.
Just last month, Bloomberg reported Amazon’s previous trillion-dollar loss in market value. Since that publication, the company has regained and depreciated to a number below last month’s figures. The current market cap is $868.68 billion.
Amazon is the First Company to Lose $1 Trillion
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