Amazon, the world’s largest e-commerce company, became the first public company to lose $1 trillion in market value, Bloomberg reported. What’s Amazon’s stock price today?

According to the publication, investors got rid of a record number of Amazon stocks amid the publication of negative results of the company for the third quarter (July – September) 2022.

It is noted that in July 2021, the market capitalization of the U.S. company reached its highest value – $1.88 trillion. In trading on November 9, Amazon shares fell by 4.3%, resulting in a market value of the company dropping to $879 billion.

Last week, Kommersant newspaper reported that the market capitalization of the U.S. company Amazon fell to $987 billion for the first time since April 2020. Now there are only four public companies left in the world with a market value greater than $1 trillion – Apple, Saudi Aramco, Microsoft, and Alphabet.

At the end of October, Amazon’s press office presented its financial statements for the third quarter, according to which the company’s net income fell by almost 10%. As a result, the company’s shares began to decline and fell in price by 21%.

Earlier, we reported that European equity markets were mostly down in trading.