#UPDATE Amazon on Thursday posted its first quarterly loss since 2015, as it was dragged down by its investment in electric truck maker Rivian, and warned of continuing challenges in the months aheadt.co/Av8oGVsikb
— AFP News Agency (@AFP) April 28, 2022
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.
— HOZ (@MFHoz) April 28, 2022