Amazon lost half its value this year as tech stocks got crushed and recession fears grew

16 February 2023

2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, etc.) or Tesla. 

This drop removed Amazon from the list of companies with a market capitalization above $1 trillion. However, the size of the fall is partly due to the souring macro-economic environment in which investors have moved from growth plays into companies with high-profit margins and dividends to combat inflation. In addition, Amazon experienced significant revenue growth during the pandemic and delivered impressive revenue growth. Read the full article on CNBC

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