Amazon wipes out $17.5 bn from 8 companies' value in one day
World's richest man Jeff Bezos led e-commerce major Amazon's two announcements on Thursday wiped out $17.5 billion from eight companies' market values including Walmart and FedEx. The announcements included Amazon's $1-billion deal to buy pharmacy startup PillPack and its plan to recruit entrepreneurs to run local delivery networks. Amazon reportedly outbid Walmart to buy the pharmacy startup.