Why Amazon is En Route to End Q4 as Worst Quarter Since 2008 Recession

Amazon is now the fourth largest company in the world behind Apple, Microsoft, and Alphabet (Google) after suffering its worst quarter since the 2008 recession.

Merely three months ago, at the start of the fourth quarter of this year, Amazon was valued at $1 trillion. Currently, as of December 28, Amazon is valued at $680 billion, down $320 billion from its quarterly high.

Losing 32 percent in a three-month span, the fourth quarter of 2018 is officially the company’s worst-performing quarter since the financial crisis a decade ago.

Reference: https://www.ccn.com/why-amazon-is-en-route-to-end-q4-as-worst-quarter-since-2008-recession/

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