Berkshire Overtakes Facebook; $2.34 Trillion In S&P 500 Market Cap Is Erased

 

(AAPL) remains on top with a market cap of $854 billion. Amazon.com (AMZN) has moved into the #2 slot with a market cap of $724.7 billion, moving past both Alphabet (GOOGL) and Microsoft (MSFT) in recent days. While most stocks have lost market cap since the market's peak, AMZN has added $49 billion!

Another big development at the top of the list is that Berkshire Hathaway (BRK-B) has unseated Facebook (FB) in the top five. While both Berkshire and Facebook have lost tens of billions in market cap over the last two months, Facebook (FB) has lost more than double what Berkshire has lost. At the moment, Berkshire is worth $42 billion more than Facebook ($484 billion vs. $442 billion). As shown, Facebook has now lost $109.9 billion in market cap since January 26th.

 

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