Credit Card Debt Reaching New Heights! Interest on Credit Card Debt in US Alone Is $200B… Amazon Reports Its First Unprofitable Year Since 2014


Amazon reports its first unprofitable year since 2014

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Amazon lost $2.7 billion last year, the company said on Thursday. This was despite holiday-season sales growing 9%. Amazon’s shares fell in after hours trading.

By far, the biggest culprit for Amazon’s losses over the year was the company’s hefty investment in the electric automaker Rivian whose value plummeted last year and ate into Amazon’s bottom line.


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