Amazon stock loses trillion dollar market cap status with 12% swing lower

Oct. 28, 2022 9:57 AM, Inc. (AMZN)WMT, COST, TGT, QRTEA, LULU, MELI, JD, W, ETSY, CPNG, FTCHBy: Clark Schultz, SA News Editor22 Comments Fulfillment Center. Amazon is the Largest Internet-Based Retailer in the United States


Amazon (NASDAQ:AMZN) opened with a 11.55% drop on Friday and saw its market cap dip back below the one trillion dollar level.

The e-commerce giant's forecast for the lowest level of holiday sales growth in its history rattled

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