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Amazon Thrown Out Of Trillion-Dollar Club With Tuesday's Crash — Here's Who Else Is Still In

Amazon.com, Inc AMZN shares plunged nearly 5.5% on Tuesday, knocking the e-commerce giant out of the trillion-dollar club.

Tuesday’s Knockout Punch: Amazon shares closed at $96.79 — 3.2% lower than the psychologically important $100 mark. The shares hit a fresh 52-week low of $96.51 on Tuesday.

This puts the company’s market cap at nearly $987.45 billion as the Jeff Bezos-founded company has 10.202 billion shares outstanding, according to Benzinga Pro data.

Who’s Still Standing: Even though Amazon has been kicked out of the trillion-dollar valuation group, there are still four other companies in it. Three of which are definitively tech giants.

Apple Inc’s AAPL market cap was at $2.4 trillion, at the stock’s closing of $150.65 on Tuesday. Another company that enjoys over a $2 trillion market cap is Saudi Aramco. 

The Dhahran, Saudi Arabia-based public petroleum and natural gas firm is worth $2.04 trillion as of Tuesday.

Microsoft Corporation’s  MSFT market cap was at $1.7 trillion with the company’s share price ending at $228.17 on Tuesday.

Google parent Alphabet Inc GOOGL GOOG Class A and Class C shares tumbled 4.3% to $90.47 and 4.4% to $90.50 respectively on Tuesday. The search-engine giant has a market cap of $1.17 trillion. But that trillion-dollar valuation could be in jeopardy. 

Why The Free Fall: Both Amazon and Alphabet missed revenue estimates in their respective third-quarter results, according to data from Benzinga Pro.

Amazon shares have plunged 12.8% since it declared third-quarter results on Oct. 27. Google’s Class A and Class C shares dropped 13.41% and 13.75%, respectively, since the company’s third-quarter numbers.

Read Next: Amazon Makes A Big Move With Its Podcast, Music Offerings: Entire Catalog Of 100 Million Songs Is Now Free

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