Amazon and Alphabet's $82 billion rout echoes Facebook loss

INSUBCONTINENT EXCLUSIVE:
By Ryan VlastelicaAmazon.com Inc
and Alphabet Inc
tumbled in the wake of disappointing revenue growth, and it cost investors big money. The losses wiped out $82 billion in stock-market
Amazon fell 7.8 per cent on Friday, erasing about $66 billion in market value
It was its biggest one-day market-cap drop ever, and one of the five biggest for any United States stock
That record belongs to Facebook, which in July became the first United States stock in history to shed $100 billion in value in a single
session after reporting disappointing quarterly sales and user growth
Microsoft Corp
($1.04 trillion)
Fourth-ranked Alphabet now has a value of $749.1 billion.