This week Amazon became first public company ever to lose over $1 trillion in value.It earned this distinction when its market cap dipped to $879 billion on Wednesday, down from its peak of $1.88 trillion in July 2021, according to Bloomberg.Amazon isn't the only company feeling the impact of a shaky economy and a return to life outside the home after the initial COVID-19 lockdowns.Meta, formerly known as Facebook, reached just over $1 trillion in value in August 2021 and sat just under $300 billion as of market close Friday.Amazon is also taking a close look at its device business, which includes Alexa-enabled smart speakers, the report noted."