Amazon sees first loss since 2015 as shares tumble 10%

Amazon sees first loss since 2015 as shares tumble 10%

2 years ago
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https://www.theguardian.com/technology/2022/apr/28/amazon-revenue-loss-shares-drop

Tech giant’s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar

Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.

Amazon sees first loss since 2015 as shares tumble 10%

Apr 29, 2022, 8:33am UTC
https://www.theguardian.com/technology/2022/apr/28/amazon-revenue-loss-shares-drop > Tech giant’s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar > Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.