https://techcrunch.com/2022/04/29/amazon-stock-plunges-to-two-year-low-following-first-quarter-loss/

Amazon stock plunged to a two-year low as shares slid as much as 12% on Friday morning after the company reported its first-quarter results yesterday. The company reported a loss of $3.84 billion, or $7.56 a share, for the first quarter. In the first quarter of last year, Amazon reported a profit of $8.1 billion, or $15.79 a share.

The company said Thursday it projects revenue between $116 billion to $121 billion in the second quarter, which would miss analysts’ average estimate of $125.5 billion, as reported by CNBC. Amazon also reported a $7.6 billion loss on its investment in electric vehicle maker Rivian.