FB, Amazon, Alphabet, Netflix together lose $85 bn in 1 day
Facebook, Amazon, Netflix, and Alphabet on Tuesday together lost over $85 billion in stock value as their shares fell by at least 3%. Google parent Alphabet lost the highest amount, with around $36 billion being wiped off from its market capitalisation after its shares fell about 5%. Reports said Alphabet stocks fell over concerns of rise in the company's expenses.