Amazon loses $87 billion in market value after Q3 results
World's largest online retailer Amazon lost as much as $87 billion in market value on Friday after its third-quarter revenue and fourth-quarter outlook fell short of expectations. The US-based company, however, posted a record profit of $2.9 billion in the third quarter ended September. Shares of the company, which has a market value of $801 billion, fell 10% on Friday.