The capitalization of Amazon fell $40 billion

Капитализация Amazon упала на $40 млрд

Amazon shares fell by 4.65%

Capitalization of the American Corporation Amazon fell more than $40 billion, dropping below $800 billion.

Shares of the American Corporation Amazon fell by 4.65% at the opening of trading of NASDAQ on Friday, February 1, to $1638,88 per share, according to the auction. As a result, the capitalization of the company fell by more than $40 billion, dropping below $800 billion, reports TASS.

In particular, it is specified that the quotes Amazon showed a negative trend after the publication of the financial statements for the year 2018, according to which the profit of the company for the reporting period amounted to $10.1 billion, while revenue reached $177,9 bn.

However, as noted by the American media, the forecasts of the Corporation for the first quarter of 2019 was not too optimistic.

As you know, Amazon is the world’s largest Corporation selling goods and services via the Internet. It was founded in 1994 by entrepreneur Jeff Bezosa, which, according to Bloomberg, is the richest man in the world.

Previously the American company Amazon in the fourth quarter increased net profit per share and revenue to a new historic high.

It was also reported that Amazon has become the most valuable company in the world with a market capitalization of 797 billion, ahead of Microsoft (784 billion) and Alphabet (740 billion dollars).

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