Believe it or not, this has some symbolic value and today could mark as the watershed day when #amazon turns into a different company at least in the eyes of investors, from a high-growth model (more based on P/S) to the much more common medium-growth or value model (aka the P/E model). https://www.cnbc.com/2018/10/26/amazon-and-alphabet-lose-120-billion-in-market-value.html #amzn #msft
Microsoft overtakes Amazon as second-largest company by market value
Amazon erased $50 billion in market capitalization Friday as investors punished the popular technology companies after the company fell short of Wall Street's revenue expectations in the third qua...