Amazon reports rare quarterly loss as online shopping slows
https://apnews.com/f6b8ef8a06d75dc46cc36a68012b3b6b
NEW YORK (AP) — Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.
The Seattle-based e-commerce giant's stock almost 10% in after-hours trading.
Amazon reports rare quarterly loss as online shopping slows
Apr 28, 2022, 9:43pm UTC
https://apnews.com/f6b8ef8a06d75dc46cc36a68012b3b6b
> NEW YORK (AP) — Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.
> The Seattle-based e-commerce giant's stock almost 10% in after-hours trading.