Apple and Amazon lost a ‘staggering’ $800 billion in market cap in 2022

Sometimes a little perspective is needed to really drive home the magnitude of a specific statistic. That’s the case with the gigantic losses tallied by $Apple(AAPL.US)$ and $Amazon(AMZN.US)$ last year.
The two stocks were the biggest losers of market cap in 2022. Apple shed $846.34 billion in value and Amazon lost $834.06 billion. Market cap measures the combined value of all of a company’s stock.
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