Amazon has become the first public company ever to lose $1 trillion in market value amid a tech stock rout, according to Bloomberg. That's almost like losing Google parent Alphabet's worth of market value, which is now around $1.13 trillion.

• The world's largest online retailer's share price closed 4.3% lower at $86.14 on Wednesday, taking its market capitalization to about $879 billion.
• The stock has lost around 48% of its value this year alone, and is a far cry from July 2021 when the company's market cap almost touched $1.9 trillion, per Bloomberg.