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Amazon sell-off pushes market cap below $1 trillion for first time since April 2020

Amazon sell-off pushes market cap below $1 trillion for first time since April 2020

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

Amazon has exited the trillion-dollar club.

Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since April 2020. The sell-off has erased almost all of the stock’s pandemic surge.

Investors continued to…


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