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2022-02-05

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Amazon’s market value soared a record $191 billion a day after Facebook parent Meta suffered an unprecedented drop

Two tech giants set records on Wall Street this week, but only one is cheering.Amazon’s market capit

Amazon’s market value soared a record $191 billion a day after Facebook parent Meta suffered an unprecedented drop

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Although Amazon’s quarterly guidance missed analysts’ expectations, investors were optimistic about its fast-growing business units like cloud computing.</p><p>Facebook parent Meta, on the other hand, set a record on Thursday for biggest single-day trading loss on a U.S. exchange when its market cap plummeted over $230 billion. 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