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
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- Forex
- Stocks
- Indices
- Commodities
- ETFs
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EUR/USD
1.09
Trade+0.04% -
USD/JPY
152.36
Trade+0.05% -
AUD/USD
0.66
Trade+0.12% -
GBP/USD
1.3
Trade+0.03% -
GBP/JPY
197.41
Trade+0.08%
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Microsoft Corporation
408.72
Trade-0.12% -
Tesla, Inc.
243.02
Trade-1.24% -
NVIDIA Corporation
136.19
Trade-0.06% -
Amazon.com, Inc.
195.81
Trade-0.63% -
Intel Corporation
22.53
Trade-1.63%
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Gold
2733.87
Trade-0.13% -
Crude Oil WTI
71.29
Trade+0.11% -
Crude Oil Brent
75.06
Trade+0.01% -
Silver
32.49
Trade+0.18% -
Natural Gas
2.91
Trade+0.49%
-
US 100
19987.6
Trade+0.09% -
US 30
41863.5
Trade+0.05% -
US 500
5724.76
Trade+0.08% -
HK 33
20837.4
Trade+1.57% -
US 2000
2221.44
Trade+0.09%
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Daily Junior Gold Miners Index
50.39
Trade-1.75% -
20+ Year Treasury Bond ETF
92.24
Trade-0.03% -
S&P 500 ETF
569.79
Trade-0.26% -
ETFMG Alternative Harvest
3.32
Trade+1.14% -
UltraPro Short QQQ
7.52
Trade+0.33%
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