Apple and Amazon lost a ‘staggering’ $800 billion in market cap in 2022. Here’s what that looks like

Sometimes a little perspective is needed to really drive home the magnitude of a specific statistic. That’s the case with the gigantic losses tallied by Apple and Amazon last year.

The two stocks were the biggest losers of market cap in 2022. Apple shed $846.34 billion in value and Amazon lost $834.06 billion. Market cap measures the combined value of all of a company’s stock.

The value shed by each of the two companies dwarfs the total size of other household tech stocks. Bespoke Investment Group called the numbers “staggering” in a tweet.

Amazon’s stock sunk as the company’s earnings floundered and fourth-quarter guidance was dispiriting. 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.