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Amazon becomes first ever public company to lose USD 1 trillion in market value

Amazon becomes first ever public company to lose USD 1 trillion in market value

Nov 11, 2022, at 06:42 am

Seattle/IBNS: Amazon has become the world's first public firm to lose USD 1 trillion in market valuation on the backs of inflation, tightened monetary policy, and let down in earnings, causing a major sell-off in its stock this year, Bloomberg reported.