See Why $170 Billion Wiped Off From Amazon's Market Value
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this was the worst intraday percentage decline since July 2014.
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Investors were disappointed as Amazon's stock was down.
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AMAZON'S STOCK DROPPED AS MUCH AS 14% IN a single DAY ON FRIDAY,
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this drop knocked $170 billion off the company's market value.
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IN THE FIRST QUARTER OF 2022,
The company's stock dropped when it revealed a
$3.8 BILLION LOSS
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its first quarterly loss since 2015.
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Amazon's revenue growth was likewise the weakest since 2001.
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