Amazon the first company to record a 1 trillion decrease in profits

Amazon became one of the first companies to lose $1 trillion. This week, Jeff Bezos' Everything Store became the first publicly traded company to lose $1 billion in market valuation.

amazon

Τα συγκλονιστικά στοιχεία, που ανέφερε για πρώτη φορά το Bloomberg, είναι τα αποτελέσματα μιας επιδεινούμενης οικονομίας, επανειλημμένα θλιβερών αναφορών κερδών και μαζικών πτώσεων της τιμής των μετοχών. Η Amazon, αξίας 1,882 τρισεκατομμυρίων δολαρίων στις 21 Ιουνίου, ανέφερε την Πέμπτη μια συγκριτικά πενιχρή αποτίμηση στα 878 δισεκατομμύρια δολάρια. Η , which narrowly overtook Apple as the world's most valuable company last year, wasn't far behind, with market valuation losses hovering around $900 billion. In combination, the declines in share price from the companies capture the impact of a lousy year that most want to soon forget.

These declines in stock price were not limited to Amazon and Microsoft. The five most valuable companies US stocks have reportedly lost a total of $4 trillion in value this year. To put it in perspective, this amount is greater than the combined GDP of Turkey, Argentina and Switzerland.

Amazon, in particular, disappointed investors last month after the of the company for the third quarter of 2022 did not meet their expectations. The company also announced that it expects to see growth in the fourth quarter but only at a rate of 2-8%. That percentage is good for a normal company, but not at all normal for Amazon. Like many other companies, Amazon has also had to deal with declining e-commerce markets as consumers began to return to retail stores.

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Written by giorgos

George still wonders what he's doing here ...

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