Shulou(Shulou.com)11/24 Report--

CTOnews.com, Oct. 27, this year has been a challenging year for all major industries, and technology companies have not been spared.

In the past 12 months, the market capitalization of the top seven technology companies in the United States has lost more than $3 trillion. While all companies lost billions of dollars, Alphabet (GOOG) and Microsoft suffered the most, 20 times as much as Apple.

According to CNBC, the total market capitalization of Apple, Amazon, Alphabet, Meta, Microsoft, Netflix and Tesla has shrunk from $10.7 trillion last year to $7.69 trillion today, and the seven companies are a little worse in terms of losses.

So far, Google's parent companies Alphabet, Microsoft, Meta and Amazon have suffered the biggest declines, ranging from $54 billion to $698 billion.

Of the seven companies, Apple was the least affected last year, with a loss of just over $34 billion. While this is still an unimaginable loss for ordinary people, by comparison, it is only 4.9% of the loss experienced by Alphabet and Microsoft.

From this point of view, Apple's market capitalization has only shrunk from $2.44 trillion to $2.4 trillion, but Microsoft has shrunk from $2.42 trillion to $1.73 trillion.

CTOnews.com learned that the largest percentage of market capitalization losses over the past year was Meta. In the past year, the company's market capitalization has fallen by nearly 70%, from $868 billion to $280 billion, the lowest level since 2016.

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