Amazon reports rare quarterly loss as online shopping slows

Amazon reports rare quarterly loss as online shopping slows

2 years ago
Anonymous $xqL1ZTchGQ

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.