Posted on Apr 28, 2022

Amazon suffers shocking $3.8bn quarterly loss

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Amazon suffered a $3.8bn loss in the first quarter of 2022, the retailing giant revealed on Thursday.

The unusually poor showing comes after Amazon’s stock in Rivian, an electric auto maker, plummeted by $7.6bn, along with other recent difficulties.

“The pandemic and subsequent war in Ukraine have brought unusual growth and challenges,” the company’s CEO, Andy Jassy, said in a statement.

Amazon suffers shocking $3.8bn quarterly loss

Posted from independent.co.uk

Posted in these groups: Imgres

Amazon

Posted >1 y ago

Responses: 1

SGT Carl Blas

Posted >1 y ago

I think some of their lost was contributed by, being the middle man for some China vendor, that takes 3 months to receive the item from them.
If I would have known that the item(s) come from and sent from a China based vendor, I would have never bought it.
A lessen well learned.

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Amazon suffers shocking $3.8bn quarterly loss

Amazon suffers shocking $3.8bn quarterly loss

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