Amazon became the first company to lose $1 trillion in market value during a single year.
Amazon reached this unwanted market-capitalization record in November 2022, when its value had fallen by roughly $1 trillion from its peak. The decline reflected a broad technology-stock sell-off, rising interest rates, economic uncertainty, and concerns about slowing growth.
Amazon’s share price had risen dramatically during the pandemic as online shopping and cloud computing expanded. Later, investors reassessed consumer demand, operating costs, logistics spending, and the outlook for Amazon Web Services.
The figure refers to the change in the company’s market capitalization, not a $1 trillion cash loss or a single accounting charge. Market value can fall because investors pay less for shares even when a company continues operating and reporting revenue.