The Wall Street Journal
Tesla, Meta Lead Big Tech’s Market Value Wipeout
That’s the cumulative loss in market value suffered so far in 2022 from just five major tech companies. Amazon.com, Apple, Google parent Alphabet, Tesla and Facebook parent Meta Platforms have each shed at least $600 billion as of midday Friday, according to FactSet. Amazon stock has been the biggest loser in absolute terms, dropping more than $836 billion. But on a percentage basis, Amazon’s 49% decline pales in comparison to the 64% and 66% drops experienced by Tesla and Meta, respectively. Ap
