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The last time Amazon experienced a decline like this was in 2000 when it dropped 80%. People who bought at that time did well. The question now is whether Amazon is done dropping, as it's down 50% on the year. CNBC articles note that Amazon has returned to its lows during the pandemic, reaching $84 per share. Currently trading at $85.14, Amazon is at its lowest point in years despite generating half a trillion dollars in revenue annually.
