12:53 - 22.12.2022

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December 22, Fineko/abc.az. The stock and market value of Amazon, the world's largest e-commerce company, has fallen more than by $1 trillion from July to the present.

As the shares of the company, which had market capitalization of $1.88 trillion in July 2021, fell, the market capitalization also fell, reaching a maximum of $1.68 trillion in 2022, ABC.AZ reports. After that, the decline accelerated, and on 22 December, Amazon's market capitalization fell to $885 bn.

And company's stock price has fallen from $187 in July 2021 to $86 today.

The reason for the recent decline was decline in company's revenue and profit indicators. The last time such a decrease occurred after the report on the results of the 3rd quarter of 2022.