COVID winners become $4 Trillion COVID losers

No wonder Bill Gates is anxious for the next pandemic

https://www.beckershospitalreview.com/finance/6-companies-lose-4-trillion-market-value-this-year.html

Large U.S. companies took a hit this year with six in particular losing more than $4 trillion in market value over the last year, according to The Wall Street Journal and Yahoo Finance.

Amazon is no longer a trillion-dollar company and its stock dropped 51 percent this year. Tesla reported the biggest drop in enterprise value, going from more than $1 trillion to $373.6 billion this year.

Below is the enterprise value change for six companies over the last year.

1. Apple
Dec. 31, 2021: $2.96 trillion
Dec. 29, 2022: $2.14 trillion

2. Amazon
Dec. 31, 2021: $1.73 trillion
Dec. 29, 2022: $916.7 billion

3. Microsoft
Dec. 31, 2021: $2.46 trillion
Dec. 29, 2022: $1.71 trillion

4. Meta
Dec. 31, 2021: $876.5 billion
Dec. 29, 2022: $294.8 billion

5. Alphabet
Dec. 31, 2021: $1.8 trillion
Dec. 29, 2022: $1.05 trillion

6. Tesla
Dec. 31, 2021: $1.1 trillion
Dec. 29, 2022: $373.6 billion