Why is Amazon’s stock down? | Business Insider

Posted June 09, 2018 06:01:40Amazon’s stock has lost more than $1 billion in the past week, and it has already lost nearly 30% of its value.

That’s according to a report from Axios.

In the last six months, Amazon’s market capitalization has plummeted to $38.2 billion, which means it has lost $1.5 billion.

That’s the largest one-day drop in its market cap in history.

The stock is also down about 35% from its IPO price, which is a big reason why investors are now nervous about Amazon’s future.

The company is facing a lot of challenges right now, but that doesn’t mean Amazon is on the verge of collapse.

The news comes as Amazon is facing criticism for selling more books in its online store than it sells in physical stores.

Amazon is also trying to increase its reach across the US, but it faces a lot more resistance from local retailers, which have been slow to open up stores in the region.

For the past few months, the stock has dropped by a whopping 24%.

While the decline has been relatively short-lived, it’s still not good news.

Amazon’s market cap is now down more than 40% from $50 billion in January of last year.