[HN Gopher] Amazon is first company in history to have a 1T draw...
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Amazon is first company in history to have a 1T drawdown in market
cap
Author : exz
Score : 21 points
Date : 2022-12-20 20:58 UTC (2 hours ago)
(HTM) web link (twitter.com)
(TXT) w3m dump (twitter.com)
| patrick451 wrote:
| And my most conventional metrics, they are still substantially
| overpriced with a PE ration of nearly 80.
| vt85 wrote:
| imranq wrote:
| Just goes to show that "value" of a company based on market cap
| is a highly fickle and unreliable metric to compare companies
| with
| theGnuMe wrote:
| It's relative value.
| bradhe wrote:
| Took Amazon 25 years to go from a $0 market cap to a $1T market
| cap. Took Amazon 2 years to go from $1T market cap to $2T market
| cap. Took Amazon like 6 months to go from $2T market cap back to
| $1T market cap.
|
| Totally healthy economics.
| Spivak wrote:
| Eh Amazon's P/E has settled down since the wildness of
| 2014-2016 so this isn't the market being crazy, Amazon really
| does have the earnings to back it up.
| crazygringo wrote:
| Unsure what you mean. That's how exponential growth works, and
| then that's how market downturns work, combined with economic
| uncertainty of COVID.
|
| Don't see what's "unhealthy" or even out of the ordinary about
| it.
| ren_engineer wrote:
| >Fortune is of sluggish growth, but ruin is rapid
|
| https://en.wikipedia.org/wiki/Seneca_effect
| __derek__ wrote:
| This happened last month.[1]
|
| [1]: https://www.bloomberg.com/news/articles/2022-11-09/amazon-
| hi...
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(page generated 2022-12-20 23:02 UTC)