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in Tech

Amazon lost half its value this year as tech stocks got crushed and recession fears grew

by Editor December 29, 2022, 3:07 pm 1.9k Views

Amazon lost half its value this year as tech stocks got crushed and recession fears grew

An Amazon driver loads packages into a delivery van at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia.

Justin Sullivan | Getty Images

It was a brutal year for mega-cap tech stocks across the board. But 2022 was especially rough for Amazon.

Shares of the e-retailer are wrapping up their worst year since the dot-com crash. The stock has tumbled 51% in 2022, marking the biggest decline since 2000, when it plunged 80%. Only

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Posted by Editor

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