Apple and Amazon lost a 'staggering' $800 billion in market cap in 2022. Here's what that looks like
Publishing timestamp: 2023-01-03 22:35:49
Summary
Apple and Amazon were the biggest losers of market value in 2022, with Apple shedding $846.34 billion in value and Amazon losing $834.06 billion. Despite being one of few big tech names to avoid earnings plunge, Apple still struggled due to Covid-19 restrictions and slowing internet advertising. The losses of the two companies are more than double the size of Meta Platforms' $315.56 billion year-end market cap.
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Keywords: investment strategy, market insider, amazon.com inc, paypal holdings inc, apple inc, business news, technology, meta platforms inc,