Amazon, Walmart lose over $50 billion in market value after e-tail policy change

Nasdaq-listed Amazon’s shares fell by 5.38% to $1626.23, losing $45.22 billion in market capitalisation. Walmart’s share price fell by 2.06% to $93.86 on NYSE, losing $5.7 billion in market capitalisation. At the close of trade on Friday in the US, Amazon was valued at $795.18 billion while Walmart was at $272.69 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SnwMOP
via IFTTT