PayPal, Nike lead $4.96tn market losses since 2021

A report from BestBrokers reveals that 172 of the world's top 1,000 publicly listed companies saw their combined market capitalization decline by $4.96 trillion between August 2021 and September 2026, according to a recent analysis. The report found that PayPal suffered the steepest percentage decline, with its market value dropping by 85.41% from $322.65 billion to $47.08 billion.

Nike and Adobe also experienced significant losses, with their market values falling by 80.37% and 69.03% respectively, while Comcast lost 71.30% of its market capitalization. The report highlights how changing investor expectations, intensifying competition, and difficulties adapting to shifting consumer behavior and technology can lead to sharp declines in market valuations, even for companies with substantial operations and established brands.