{"id":75430,"date":"2022-11-10T16:08:26","date_gmt":"2022-11-10T12:08:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75430"},"modified":"2022-11-10T16:08:28","modified_gmt":"2022-11-10T12:08:28","slug":"amazon-incurs-huge-losses","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/amazon-incurs-huge-losses\/11\/10\/market-updates\/","title":{"rendered":"Amazon incurs huge losses"},"content":{"rendered":"\n<p>A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion.<\/p>\n\n\n\n<p>Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close of $1.88 trillion in July 2021.<\/p>\n\n\n\n<p>Fears of a recession further dampened sentiment in the tech sector, as the top 5 US tech companies by revenue have seen nearly $4 trillion in market value evaporate this year.<\/p>\n\n\n\n<p>The world&#8217;s largest online retailer has spent the year adjusting to a sharp slowdown in e-commerce growth as shoppers resume pre-pandemic habits.<\/p>\n\n\n\n<p>Amazon shares fell nearly 50% amid slowing sales, higher costs and hikes in interest rates.<\/p>\n\n\n\n<p>Since the beginning of 2022, co-founder Jeff Bezos has seen his fortune dwindle by $83 billion to $109 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion. Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close of $1.88 trillion in July &hellip;<\/p>\n","protected":false},"author":9,"featured_media":55058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6933,7113],"class_list":["post-75430","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-amazon","tag-earnings"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75430"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75430\/revisions"}],"predecessor-version":[{"id":75431,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75430\/revisions\/75431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55058"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}