Top tech companies lost significant market value in 2022

According to the data shared by Finbold Finance News Agency, the economic crisis is affecting tech giants as well. It appears that five of the biggest U.S.-based companies have been going downhill since the beginning of 2022.

Apple, Amazon, Alphabet, Microsoft, and Tesla were all hit by the rising inflation problems, leading to a notable loss in their market values from the beginning of the ongoing year.

Both Windows and Apple were the first companies to enter the trillion-dollar market. These two were followed by Google’s parent company, Alphabet, and Amazon a while later.

However, this is not the first time these companies are facing a slump, as four out of five companies, excluding Microsoft, were also affected at the time of the COVID-19 pandemic. Since everything went online, Microsoft, instead of facing a slump, became one of those companies that generated a large amount of revenue even during the global lockdown. This is one of the reasons why the company was able to maintain its status of a trillion dollars while other big names were struggling to get back on the same level as Microsoft.

Soon after this, Mark Zuckerberg’s Facebook became the fifth member of the club. Last year, the net worth of Apple alone was almost ninety-six percent greater than the Gross Domestic Product of the world. As things started to go down for these big names, Amazon was the most affected, the company lost almost 50% of its market value. Google’s owner company and Elon Musk’s Tesla were right after Amazon.

As a result, 2 out of 5 companies got themselves excluded from the club following a total loss of around $3.41 trillion. One of the major reasons why the companies that balanced themselves at the time of the pandemic are unstable right now is the rising economic problems and new policies being introduced. The current inflation condition is badly affecting the stock market and making things more complicated.

But since these companies are experienced and know how to deal with such conditions, it can be expected that future initiatives might bring them back to the trillion-dollar club.

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