Amazon reports a $3.8 billion QUARTERLY loss! Bleak forecast and slowest growth since dot-com bust

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Amazon shares fall on bleak forecast and slowest growth since dot-com bust
Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.

Amazon recorded a $7.6 billion loss on its Rivian investment after shares in the electric vehicle company lost more than half their value in the quarter. That resulted in a total net loss of $3.8 billion.

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www.cnbc.com/2022/04/28/amazon-amzn-q1-2022-earnings.html

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