Recent global economic problems continue to affect giant companies.
The United States-based e-commerce giant Amazon was one of the first companies to exceed $1 trillion in value.
Amazon, which has become a company of 1 trillion 882 billion dollars as of June 2021, started to lose value rapidly after this date.
$1 trillion lost in value
Amazon has lost $1 trillion in value since June 2021, making history as the first company to do so. The present value of the company is $876 million.
Tech companies are at a loss
Looking at the US stock market, it is seen that many companies have lost value since last year. Microsoft lost $900 billion in value in a similar period. Other tech giants Apple and Facebook followed suit.
In the past days, Facebook has signed one of the biggest layoffs of recent years, laying off exactly 11 thousand people. On the other hand, Amazon has not yet shared any information about the layoffs.