Amazon Loses $160 Billion in 2 Hours, Leaves $1 Trillion Club

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The Street

By Luc Olinga The e-commerce giant falls after delivering disappointing forecasts for the last months of the year. It’s a real bloodbath. Amazon was not spared by Wall Street after the publication of its third-quarter results on Oct. 27. The company, which is one of the barometers of growth because it serves consumers as well as businesses and governments, was closely watched by investors worried about the state of health of the economy. And the least we can say is that the juggernaut of online commerce and the cloud has confirmed the worst fears: the economy is doing badly. Indeed, the compan…

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