2023
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which company becomes the first company in history to lose $1 trillion market capitalisation?
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TCS
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Flipkart
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Amazon
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Microsoft
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Explanation:
Detailed explanation-1: -Jeff Bezos Amazon Company Becomes the First Company in History to Lose $1 trillion Market Cap.
Detailed explanation-2: -The other companies with market capitalizations surpassing $1 trillion are Apple ($2.7 trillion), Microsoft ($2.4 trillion), Saudi Aramco ($2 trillion), Google’s parent company Alphabet ($1.6 trillion) and Amazon ($1.2 trillion).
Detailed explanation-3: -Its performance was in line with the tech sector more broadly, which has been hurt by rising interest rates, slowing internet advertising and other factors.
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