Amazon Became the Biggest Loser Following Price Drop

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The Street

By Tony Owusu Amazon shares were back on track Thursday, but Wednesday’s decline left the company with an ignominious place in the record books. It’s been a long fall from the top for Amazon’s (AMZN) – Get Free Report stock price. The company’s market capitalization is officially down more than $1 trillion from the peak of $1.88 trillion it reached in July 2021. The company’s market cap was sitting at $878.77 billion before Thursday’s session. Amazon’s nearly 4.3% decline during Wednesday’s session cemented its status in the history books as the first company to lose 10 figures in value, beati…

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