Amazon Has Missing $1 Trillion in Current market Cap. Ouch.

Amazon.com

has now lost much more than $1 trillion in market place capitalization, the most at any time by a U.S. company and the first time just one organization has drop that substantially market place value. It’s a distressing reminder to investors that valuation multiples alter radically in bear markets.

Amazon (AMZN) shares strike a new 52-7 days minimal on Wednesday, closing at $86.14 a share, down 48% so significantly in 2022. The

S&P 500

and

Nasdaq Composite

have declined about 22% and 35%, respectively.