Amazon and Alphabet (Google owner) are the world’s only two publicy traded companies that have surpassed the $1 trillion threshold in market cap. This, however, is not the only thing they have in common. Both have lost a substantial portion of their value in after hours trading following the reveal of their most recent earning reports. Jeff Bezos, the man behind Amazon, has lost $10 billion in equity value over the course of only one day.
Amazon depreciated 7%, while Alphabet plunged even more, losing 10% of the market capitalization. The two companies combined have lost over $90 billion in market value as a result of worse than expected quarterly results.
Facebook, Alphabet and Netflix have lost approximately 14% of value since July. The S&P 500 depreciated 4.6 percent over the same period of time.
Source: Amazon and Alphabet lose more than $90 billion combined in market value
In related new: Bank of America Merrill Lynch has announced that 14 out of 19 bear market signals have already been triggered. Is it the beginning of a new bear market or a short-lived correction? Find the answer here.
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Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
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EUR/USD
1.04
Trade-0.34% -
USD/JPY
157.17
Trade+0.39% -
GBP/USD
1.25
Trade-0.42% -
AUD/USD
0.62
Trade-0.41% -
GBP/JPY
196.68
Trade-0.03%
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Shopify Inc.
109.14
Trade+0.58% -
Microsoft Corporation
433.34
Trade-0.78% -
Tesla, Inc.
430.19
Trade+1.36% -
NVIDIA Corporation
136.97
Trade+0.95% -
Apple Inc.
254.66
Trade-0.14%
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Gold
2612.29
Trade-0.46% -
Crude Oil WTI
68.65
Trade-1.25% -
Crude Oil Brent
71.82
Trade-1.32% -
Silver
29.56
Trade-0.42% -
Natural Gas
3.27
Trade-4.91%
-
US 100
21320.95
Trade-0.14% -
US 30
42627.74
Trade-0.88% -
US 500
5932.37
Trade-0.45% -
GER 30
19823.55
Trade-0.4% -
US 2000
2228.39
Trade-1.36%
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UltraPro Short QQQ
29.7
Trade+0.39% -
S&P 500 ETF
590.33
Trade-0.22% -
20+ Year Treasury Bond ETF
87.83
Trade-0.37% -
Daily Junior Gold Miners Index
37.14
Trade-1.78% -
Gold Miners ETF
34.2
Trade-0.41%
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