From Amazon to Apple, October’s swoon has erased trillions from America’s biggest companies. Here’s who’s down the most in Greater Washington.


by WTOP

WTOP— October has been a rollercoaster ride for America’s largest companies, with even the healthiest corporate titans racking up tens-of-billions in lost market value since the month began. Greater Washington’s corporate giants were not immune. Case…

fortune.com—Apple AirPods and Amazon’s Fire TV Stick Dominated Best Buy’s Sales in October. It's a first for AirPods.

Mashable—Apple is no longer a $1 trillion company. Apple, the first ever U.S. company to be valued at $1 trillion, is no longer worth $1 trillion. News of Apple’s demotion — now once again slumming it as one of the companies worth only hundreds of billions of dollars — came as the result of a domino effect of negative press for the company. Already feeling market pressure after announcing a change to how the company was going to report quarterly sales, a new report delivering bad news related to the latest iPhone has extended those woes. SEE...

The New Republic—Amazon Scammed America’s Hurting Cities. For over a year, Amazon dangled the prize of a second headquarters, or HQ2, in front of cities across the country, and then watched as they duked it out. The result was a sort of hypercapitalist Hunger Games, in which cities and states debased themselves in the hopes of reaping tens of thousands of jobs and several billion dollars in investment. The biggest bidders promised billions in tax breaks and subsidies, while smaller municipalities resorted to more creative measures: The mayor of...