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-0.36% -
USD/JPY
154.62
Trade+0.13% -
AUD/USD
0.65
Trade-0.06% -
GBP/JPY
193.61
Trade-0.34% -
GBP/USD
1.25
Trade-0.47%
-
Shopify Inc.
106.52
Trade+2.78% -
Tesla, Inc.
339.65
Trade-1.31% -
NVIDIA Corporation
146.74
Trade-1.6% -
Amazon.com, Inc.
198.34
Trade-1.79% -
ThyssenKrupp AG
3.8
Trade-2.17%
-
Gold
2691.88
Trade+0.9% -
Crude Oil WTI
69.98
Trade-0.14% -
Crude Oil Brent
73.66
Trade-0.25% -
Silver
31.11
Trade+1.28% -
Natural Gas
3.31
Trade-5.32%
-
US 100
20705.05
Trade+0.05% -
GER 30
19238.25
Trade+0.13% -
US 500
5950.71
Trade+0.01% -
US 30
43921
Trade+0.09% -
JP 225
38345.5
Trade+0.09%
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Valkyrie Bitcoin Fund (BRRR)
27.81
Trade+0.88% -
Daily Junior Gold Miners Index
45.27
Trade+0.34% -
20+ Year Treasury Bond ETF
90.31
Trade-0.2% -
S&P 500 ETF
593.6
Trade+0.05% -
Bitwise Bitcoin ETF (BITB)
53.5
Trade+0.84%
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