Amazon.com Inc. - the world's first public company to lose a trillion dollars in market value, as a combination of rising inflation, tighter monetary policy, and disappointing earnings reports triggered a historic sell-off in shares this year, Bloomberg reported.

Shares of the e-commerce and cloud-computing company fell 4.3 percent Wednesday, pushing its market value to about $879 billion from a record close of $1.88 trillion in July 2021.

The world's largest online retailer has spent the year adjusting to a sharp slowdown in e-commerce as shoppers returned to pre-pandemic habits. Its stock is down nearly 50 percent amid slowing sales, soaring costs, and a jump in interest rates. According to data compiled by Bloomberg, co-founder Jeff Bezos' fortune has fallen by about $83 billion to $109 billion since the beginning of the year.

Last month, Amazon projected the slowest revenue growth for the holiday quarter in the company's history, as shoppers cut back on spending amid economic uncertainty. That sent its market value below $1 trillion for the first time since the pandemic-induced rally in tech stocks more than two years ago.