Photo by Bryan Angelo on Unsplash
Amazon has lost $1 trillion in value since June 2021, making history as the first company to do so.
Recent global economic problems continue to affect giant companies.
The United States-based e-commerce giant Amazon was one of the first companies to exceed $1 trillion in value.
Amazon, which has become a company of 1 trillion 882 billion dollars as of June 2021, started to lose value rapidly after this date.
Amazon has lost $1 trillion in value since June 2021, making history as the first company to do so. The present value of the company is $876 million.
Numerous corporations have had their stock worth decline since last year, according to the US stock market. In a comparable time frame, Microsoft had a $900 billion valuation decline. Apple and Facebook, two more titans of technology, did the same.
Facebook recently announced one of the largest layoffs in recent memory, firing precisely 11,000 workers. However, Amazon has not yet disclosed any information regarding the layoffs.
