Amazon Loses $53 Billion in Market Value, Becoming FAANG’s Biggest Loser
Image by iStock.com/simonkr From Elena Popina and Kamaron Leach at Bloomberg: Move over, Facebook. U.S. investors have a new punching bag among the FAANGs: Amazon.com, Inc. Facebook Inc. gave up the top loser spot to Amazon.com, which lost $53 billion in market value on Wednesday after Axios reported that President Donald Trump is “obsessed” with regulating the e-commerce behemoth. The social media giant had … Read more