Quote from Ndubuisi Ekekwe on November 2, 2022, 7:46 PM

Only 4 companies in the world are now worth at least a trillion US dollar: Apple, Alphabet, Microsoft and Saudi Aramco.

Amazon is no longer in the "Trillion-Dollar Club." The e-commerce giant's market cap fell just below the US$1 trillion benchmark Tuesday after its stock slipped more than 5% for the day — down 20% over the last five sessions and 42% over the past year. The tipping point appeared to be Amazon's disappointing fourth-quarter forecast last week, which predicted softer sales, slowing net income and revenue below analysts' expectations. Amazon had been a fixture in the elite club since April 2020, though it first hit the trillion-dollar mark in 2018.

• Meta and Tesla have also recently fallen out of the Trillion-Dollar Club.
• Apple, Alphabet, Microsoft — parent company of LinkedIn — and oil giant Saudi Aramco now make up the elite grouping.