1 trillion in billion5/26/2023 With assistance from Divya Balji, Tom Contiliano and Jack Witzig. 1 billion has 1 followed by 9 zeros, that is, 1, 000, 000, 000 and it is represented as (109 ) (ten to the ninth power). ![]() That sent its market value below $1 trillion for the first time since the pandemic-fueled rally in tech stocks more than two years ago. One billion is equal to a thousand millions. Last month, Amazon projected the slowest revenue growth for a holiday quarter in the company’s history as shoppers reduce their spending in the face of economic uncertainty. Since the start of the year, co-founder Jeff Bezos has seen his fortune dwindle by about $83 billion to $109 billion, according to data compiled by Bloomberg. Its shares have fallen almost 50% amid slowing sales, soaring costs and a jump in interest rates. The world’s largest online retailer has spent this year adjusting to a sharp slowdown in e-commerce growth as shoppers resumed pre-pandemic habits. The top five US technology companies by revenue have seen nearly $4 trillion in market value evaporate this year. ![]() While technology and growth stocks have been punished throughout the year, fears of a recession have further dampened sentiment in the sector.
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