Amazon becomes 1st company to lose $1 trillion in market value
Yahoo Finance's Brian Sozzi discusses the stat of the day, showing Amazon is the first public company to shed $1 trillion from its market cap.
Video Transcript
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BRIAN SOZZI: All right, here's a stat of the day that Amazon surely wish didn't happen. On Wednesday, the tech giant became the world's first public company to lose $1 trillion in market value. The company's market cap of $878 million is down from a record close of $1.88 trillion in July 2021.
