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Verdict is In: Amazon drops 5.3%, wiping out $2.9B of market cap
- Eliezer 17y agoOf course, this probably doesn't reflect market value directly destroyed, so much as the market reacting to the new information about Amazon's sanity. S&P 500 up 1.43% for the day, and AMZN was down another 4% on top of that earlier in the day. Just thought it was worth mentioning the market's verdict: yes, it was stupid.