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A comment on Amazon to Lay Off over 17,000 Workers, More Than First Planned. Parent comment

Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by lapcat on Wednesday January 04, 2023 @11:27PM (#34255954)
> In absolute terms, both Amazon and Apple are first place for evaporating 800 billion dollars in market cap EACH over the last year.

In relative terms, Apple is in first place for the largest market cap in the world of any company, and Amazon is in fifth place.

They're totally fine.

Think of it this way: Amazon is still more than twice as valuable now as it was 5 years ago. Short-term investors will live by the sword or die by the sword, but long-term investors are fine.

[ Parent | on HN ]
Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by CydeWeys on Wednesday January 04, 2023 @11:51PM (#34256113)
> Short-term investors will live by the sword or die by the sword, but long-term investors are fine.

Well, and also some of the employees there, regardless of their length of service. This whole thread is more from the POV of the tech workers getting laid off than investment performance.

[ Parent | on HN ]