6 companies lose $4 trillion market value this year

Large U.S. companies took a hit this year with six in particular losing more than $4 trillion in market value over the last year, according to The Wall Street Journal and Yahoo Finance.

Advertisement

Amazon is no longer a trillion-dollar company and its stock dropped 51 percent this year. Tesla reported the biggest drop in enterprise value, going from more than $1 trillion to $373.6 billion this year.

Below is the enterprise value change for six companies over the last year.

1. Apple
Dec. 31, 2021: $2.96 trillion
Dec. 29, 2022: $2.14 trillion

2. Amazon
Dec. 31, 2021: $1.73 trillion
Dec. 29, 2022: $916.7 billion

3. Microsoft
Dec. 31, 2021: $2.46 trillion
Dec. 29, 2022: $1.71 trillion

4. Meta
Dec. 31, 2021: $876.5 billion
Dec. 29, 2022: $294.8 billion

5. Alphabet
Dec. 31, 2021: $1.8 trillion
Dec. 29, 2022: $1.05 trillion

6. Tesla
Dec. 31, 2021: $1.1 trillion
Dec. 29, 2022: $373.6 billion

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.