Amazon Kicked Out of $1 Trillion Club; Alphabet Near the Exit Door

Amazon Kicked Out of $1 Trillion Club; Alphabet Near the Exit Door

2022 is a year to forget very quickly for Amazon (AMZN) .

The e-commerce giant symbolizes the return to Earth of the pandemic economy that has hit tech companies immensely. The sector had become the vehicle through which social interactions took place during the two years of population lockdown.

Consumers shopped online and communicated through technical products and services. In short, technology has become an important part of everyday life.

But the economy is now slowing, mainly due to inflation. Prices for goods and services are at their highest in 40 years in many western countries, forcing central banks to raise interest rates, making access to credit expensive.

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