Amazon And Other Four Major Technology Giants Evaporate 1 Trillion And 300 Billion US Dollars

On March 17th, U.S. stocks fell sharply on Monday and the S & P index fell 8%, triggering third fuses this month, the fourth time in the history of the US stock market.

Affected by this, most companies' share prices fell sharply, of which apple fell 12.86%, and the market value evaporated 150 million iPhone, creating a larger increase since the financial crisis in September 29, 2008. Microsoft fell 14.74%, creating a larger single day decline since April 24, 2000.

In addition to the big two trillion clubs, other technology giants also fell sharply, with Facebook falling 14.25%, Google down 11.1% and Amazon down 5.37%.

It is worth mentioning that this is the third time that the US stock market has triggered a blow up, and the two time has triggered a fuse. So in recent years, the market value of several major technology giants in the United States has dropped sharply.

According to foreign media statistics, with the highest value of stock in February, apple, Microsoft, Amazon and Google (Alphabet) four big technology giants fell sharply due to their share price, and their total market capitalization has evaporated over 1 trillion US dollars in the recent period.

Specifically, Microsoft shares fell 26.9%, the market value evaporated about 405 billion 200 million dollars, Apple shares fell 25.4%, market value evaporated about 371 billion 800 million dollars, Alphabet shares fell 29.3%, market value evaporated about 311 billion 100 million U. S. dollars, Amazon fell 20.8%, and the market value evaporated 239 billion 400 million dollars. It is estimated that the total value of the four companies evaporated over 1 trillion and 300 billion US dollars in February.

It is worth mentioning that, as the global electricity supplier giant, Amazon on Monday's relative decline is relatively small, this may be due to the impact of the epidemic, online shopping demand surge, the electricity supplier enterprises to form a certain degree of positive.

It is understood that Amazon announced on Monday that it will recruit 100 thousand additional employees in the United States to meet the demand for online shopping surged due to the outbreak of coronavirus. At the same time, Amazon encourages those employees from other industries who are unemployed or on vacation because of the new crown outbreak to apply for these jobs, such as hotels, restaurants and tourism. This is similar to the practice of domestic electric business enterprises absorbing catering industry staff in special period.