Alphabet, FB, Netflix, Amazon together lose $85 bn in one day, navyamedia

Alphabet, FB, Netflix, Amazon together lose $85 bn in one day

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Alphabet, Facebook Netflix and Amazon together lost over $85 billion in stock value as their shares fell by at least 3%.

Google’s parent Alphabet lost the maximum amount of around $36 billion from its market capitalisation after its shares fell about 5%.

Alphabet stocks, according to reports, fell over concerns of rise in the company’s expenses.