Amazon’s market value will be halved in 2022

folder_opentechnology news
commentNo Comments
Amazon's market value will be halved in 2022

Amazon’s stock has fallen 51 percent this year and is worth less than $1 trillion.

2022 was a very difficult year for Amazon; Because the company’s stock experienced its worst year since 2000. Amazon’s stock fell 51% in 2022, shedding hundreds of billions of dollars from the company’s market value. However, it performed better than Meta and Tesla.

According to CNBC, Amazon shares fell 51% in 2022, the biggest decline since 2000. At that time, the retail giant’s stock fell 80 percent. Amazon’s market value has risen from $1.7 trillion in early 2022 to about $847 billion. Amazon left the trillion-dollar club last month.

Amazon problems

Rising inflation and rising interest rates have pushed investors away from growth and focused on companies with high-profit margins.

But Amazon investors had another reason to exit its shares. This company is facing a decrease in sales; Because the previous predictions that we will see the sustainable prosperity of e-commerce businesses in the post-corona era did not come true. At the height of the pandemic, consumers turned to online retailers like Amazon for everything from masks to furniture. This caused the company’s stock to reach its highest level by increasing sales.

But after the pandemic ends, consumers are returning to shopping in brick-and-mortar stores, which has dampened Amazon’s impressive revenue growth.

During the retrenchment of technology companies, Amazon started to retrench employees a few months ago, and the employees of Alexa and its cloud games have been fired. Amazon CEO Andy Jesse said in late November that there will be layoffs next year.

READ MORE :  Tik Tok embargo was lifted for Iranian users


How useful was this post?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 54

No votes so far! Be the first to rate this post.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Previous Post
How to download Instagram stories? – image and video
Next Post
How to record WhatsApp video calls on android & iphone

I am Jamie, I have been working in the field of social networking for 5 years and I have decided to share all my experiences with you.

Related Posts

Random post